World Economic Survey 1990

Current Trends and Policies in the World Economy

The dramatic political upheavals that occurred in 1989 marked the end of a long period of intense international dispute over the appropriate organization of modern industrial societies. However, the transition that has been set in motion has so far generated much political turmoil and economic crisis. World output grew by 3.1 per cent, compared with 4.4 per cent in 1988. The problem arising from the external debts of the developing countries persisted.

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