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World Economic Survey 1969–1970

The Developing Countries in the 1960s: The Problem of Appraising Progress

image of World Economic Survey 1969–1970

World Economic Survey 1969–1970 addresses the methodological problems that are involved in measuring progress in the developing countries. The Survey reviews the available data and suggests ways in which they might be used to throw light on the economic and social performance in the 1960s of the countries—both developing and economically more advanced—that will be implementing the International Development Strategy in the 1970s.

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Productive capacity

Though difficult to measure as a single concept, the productive capacity of an economy is a matter of major importance to the process of economic and social development. It is the primary determinant of a country’s viability in the world economy and of its ability to maintain and improve the level of living of its inhabitants. In any system of progress appraisal, therefore, it is necessary to examine the changes that have been taking place in the various aspects of the economy that have a bearing on its productivity. These may be divided into three broad categories— expansion in physical plant and equipment, improvement in the knowledge, skills and motivation of workers and changes in conjuncture and organization which facilitate the more efficient use of productive factors.

English

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