1945

World Economic Survey 1981-1982

Current Trends and Policies in the World Economy

image of World Economic Survey 1981-1982

Abstract

World Economic Survey 1981-1982 observes that economic expansion decelerated markedly throughout the world in 1981. The slowdown affected all major regions and groups of countries, independently of their level of development or economic structure. The deceleration was particularly intense in the developing countries, most of which experienced a significant fall in per capita income. The major factor behind the poor performance of the world economy was the recession in the Western industrial countries, where low growth caused a rise in unemployment, downward pressure on wages, and weakening primary commodity prices.

Related Subject(s): Economic and Social Development

References

/content/books/9789210452199
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error
aHR0cHM6Ly93d3cudW4taWxpYnJhcnkub3JnLw==