Centro de Documentación OLADE -

05748

This paper is addressed to the adjustment problems facing the world economy in the next decade, with particular reference to the situation and prospects of the non-oil developing countries - NDCs. The NDCs grew faster than the industrial countries during the 1950s and 1960s in aggregate GNP, though not in GNP per head. More strikingly, the NDCs maintained their growth rates in the 1970s, whereas the performance of the industrial countries deteriorated markedly on all fronts. In the industrial countries, growth rates of GNP declined by more than a third, unemployment nearly doubled, and inflation more than trebled.