1945

Development policy and international economic cooperation

As the 1980s drew to a close, epoch-making political changes occurred that had far-reaching implications for the world economy. Economic growth decelerated in all major groups of economies in 1989, but unevenly; differences in growth rates were particularly large among developing countries. Per capita output increased rapidly in Asia, but in Africa and Latin America the average level of income continued to fall as it had throughout the decade.

Related Subject(s): United Nations
/content/books/9789210601740s008-c001
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