World Economic Survey 1988

Current Trends and Policies in the World Economy

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The growth of gross world product in 1987 was slightly above 3 per cent. Short-term trends indicate that the world economy will continue to expand during the next two years, but at a lower rate. The period ahead will be one in which multilateral institutions and traditional economic relations will be pit on a major test.



The external and fiscal imbalances of developed countries: Causes and effects

The huge external payments imbalances of the leading developed market economies have become a dominant world economic concern. The conditions that gave rise to these imbalances have deeply affected the well-being of developing countries—to a greater extent than the developed countries— and the way in which these imbalances are resolved over the next few’years will exercise a large influence on the economic growth of developing and developed countries alike.


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