Economic adjustment and the net transfer of resources from developing countries

For large parts of the developing world, the 1980s have been a period of economic retrogression. Many countries concentrated in Africa and Latin America and the Caribbean, but also some Asian and European developing countries — have lost the momentum of development gained in the 1960s and 1970s and have seen standards of living deteriorate. Other developing countries have charged ahead, both in terms of average income per head and levels of technological sophistication. In the 1990s, per capita income in Asia, long known as the poorest continent on earth, will begin to exceed that of Africa.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action