World Economic Survey 1990

Current Trends and Policies in the World Economy

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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.



Some factors underlying the prolonged expansion of the major developed market economies

The economic and social progress that took place in the 1970s came to a halt in many developing countries during the 1980s. In others, particularly in South and East Asia, economic growth accelerated, the relative number of the absolute poor decreased and social indicators showed solid improvements.


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