Growth and integration in the industrializing east

Together with China, the developing countries of East Asia now constitute an important and fast-expanding market. During the first half of the 1980s their combined real GDP grew at an annual rate of 7.6 per cent, compared to a world total of 3.0 per cent. With a broadly sustained growth rate (7.8 per cent) in the second half, output growth in these countries was 4.7 percentage points above the world average. Moreover, during the global recession of the early 1990s, when world output more or less stagnated, growth even accelerated slightly (to 7.9 per cent during 1990-1992). As a result, per capita income in some developing countries of the region had surpassed that of many developed countries by the late 1980s.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals