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Trade and Development Report 1981

image of Trade and Development Report 1981

This publication identifies the key issues in the global economy and the design of development strategies addressed in the Trade and Development Report over the past three decades, tracing them through its various editions. It shows how ideas, opinions and proposals expressed in the Trade and Development Report, and the analytical approaches used, differed from those of “the mainstream” and their evolution in response to new challenges. This review revisits the concept of interdependence and explains the approach of the reports to macroeconomic and financial policies in both developed and developing countries. It also summarizes development policy failures and successes over the years.

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The socialist countries of Eastern Europe

The socialist countries of Eastern Europe have taken a development path that is distinctly different from those of developed market-economy or developing countries. The distinctive feature of the economic mechanism of the socialist countries of Eastern Europe is central planning with emphasis on industry. In the post-war period as a whole, the economic growth of the region has been rapid indeed, and the growth of industry has been particularly impressive. Between 1950 and 1979 the national income of the Council for Mutual Economic Assistance (CMEA) member countries grew 7.8 times, and gross industrial output 12.4 times (the corresponding world totals were 4.1 and 6.1).

English

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