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World Economic Survey 1986

Current Trends and Policies in the World Economy

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The large imbalances in trade and payments that have in recent years characterized the world economy persisted in 1985 and early 1986. In particular, unprecedented disequilibrium prevailed in the trade and financial relations of major industrial countries, and there was a continued overall net transfer of resources from developing to developed countries, largely related to the international debt crisis. Both of these situations were, in the course of 1985, increasingly perceived as unsustainable, economically as well as politically.

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Preface

International economic policy in 1985 was marked by a more decisive response to the challenges still facing the world economy, in the search for sustainable long-term growth for all countries.

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