World Economic And Social Survey Archive: 1970-1979

1979–1980

World Economic Survey 1979–1980

World Economic Survey 1979-1980 observes that the present world economic situation is characterized by a slow pace of economic advance in most countries, which is expected to weaken further in the coming months, particularly in developed market economies. This is accompanied by high rates of price inflation (which are pervading all economies) and substantial changes in the pattern of current-account balances, occasioned principally by the doubling of the price of oil between the end of 1978 and the early months of 1980.

1978

World Economic Survey 1978

According to World Economic Survey 1978, the pace of world economic activity weakened in 1978. In developing countries, in particular, the trends towards lower rates of growth in output observed since 1975 were accentuated. The developed market economies continued to grapple with problems of insufficient recovery in productive investment. In the centrally planned economies, growth was restrained by external imbalances and international bottlenecks, especially in the energy and transport sectors.

Supplement to World Economic Survey 1978

The Supplement to World Economic Survey 1978 contains a study on "The Expansion of Exports from Developing Countries and Policies of Structural Adjustment in Developed Countries".

1977

World Economic Survey 1977

World Economic Survey 1977 highlights a widespread uncertainty and unease about prospects for the world economy in 1978 and even over a longer time span. Although domestic income and output in 1977 and early 1978 have been continuing to increase in most countries, the pace has been moderating recently and shows no signs of quickening in the immediate future. For most countries—developing as well as developed—prospects are seen to depend quite heavily on events external to their domestic economy.

1976

World Economic Survey 1976

World Economic Survey 1976 reviews the main developments in the world economy in 1976 and the outlook for 1977. It summarizes the latest available data on world production and world trade and briefly examines the state of economic balance—internal, as revealed by changes in inflation and unemployment; and external, as revealed by changes in reserves, debt and exchange rates. As part of its overview of the world economy, the Survey also examines the most recent evidence of economic performance and problems in the developing countries.

Supplement to World Economic Survey 1976

While World Economic Survey 1976 presents a synoptic view of the world economy, with an emphasis on global aggregates, its Supplement looks behind these aggregates and examines in greater detail the events and policies in major regions and countries.

1975

World Economic Survey 1975—Fluctuations and Development in the World Economy

World Economic Survey 1975 takes a closer look at the fluctuations and development in the world economy in the first half of the 1970s. The 1971-1975 period was one of great instability in which short-term problems and emergencies tended to pre-empt the attention of policymakers. The Survey also looks ahead to the second half of the decade and the efforts needed to restore more stable growth and improve the national and international division of labour and distribution.

Supplement to World Economic Survey 1975

The Supplement to World Economic Survey 1975 takes a closer look at the period that followed the adoption of the International Development Strategy for the Second United Nations Development Decade in October 1970. It analyses the ways in which individual countries and groups of countries reacted to the major global changes that shaped the world economy—the business cycle, the food crisis and the radical alteration in the energy situation.

1974

World Economic Survey 1974
Part one: Mid-term Review and Appraisal of Progress in the implementation of the International Development Strategy

Part one of World Economic Survey 1974 was designed to assist in the second assessment of the way in which Governments are responding to the International Development Strategy for the Second United Nations Development Decade. It presents an overall analysis of economic and social performance in the developing countries and of the implementation of the Strategy by the developed market and the centrally planned economies.

Part two: Current Economic Developments

Part two of World Economic Survey 1974 analyses the salient features of world production and trade in 1974 compared with the earlier years of the Second United Nations Development Decade. It also deals in detail with the course of production and world trade, with problems of internal economic balance, including the acceleration of inflation in 1974 and the emergence of recessionary forces in the developed market economies. Finally, it examines the prospects for the world economy in 1975.

1973

World Economic Survey 1973
Part one: Population and Development

On the occasion of the World Population Year (1974), part one of World Economic Survey 1973 examines the recent interrelationships between demographic change and the process of socio-economic development.

Part two: Current Economic Developments

Part two of World Economic Survey 1973 presents and overview of world production and trade and analyses the three main features of the global economic scene in 1973—the rise in commodity prices, the world food situation and the world energy situation. It also examines the recent economic developments affecting the supply and use of resources and the state of internal and external balance in the world.

1972

World Economic Survey 1972—Current Economic Developments

World Economic Survey 1972 complements the documents prepared in connection with the biennial appraisal of progress under the International Development Strategy for the Second United Nations Decade. According to the Survey, an upsurge in production which got under way in the second half of 1971 has continued into the early months of 1973 and is projected to continue, at least for this year. Despite the breakdown of the international monetary system in August 1971 and the uncertainty that has prevailed ever since, international trade expanded with great vigour in 1972 and seems likely to continue on an upward trend in 1973. In a number of places, energy shortages have emerged, and in the face of the continuing high rate of increase in demand, there is now growing concern about an energy crisis. Meanwhile, both unemployment and price inflation rates remain above tolerable limits. The latter is generally recognized as a major structural problem among the developing countries.

1971

World Economic Survey 1972—Current Economic Developments

World Economic Survey 1971 examines some salient features of economic developments in 1970, taking into consideration the more detailed biennial report on the world economy that is to be issued in connection with the review and appraisal of the Second United Nations Development Decade. According to the Survey, 1971 witnessed a sluggish performance of the world economy in terms of both production and trade. The rate of growth of aggregate production of goods and services remained at about 4 per cent in 1971, not much more than that of the previous year. Although this rate fell short of the First United Nations Development Decade's annual average of 5.3 per cent, a worldwide recession, at times considered a possibility, was averted.

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