The present Survey is the fifteenth in a series of reports prepared annually by the secretariat of the Economic Commission for Asia and the Far East. A major object of these Surveys, and of the quarterly Economic Bulletins which supplement them, is the analysis of recent economic developments in, and affecting, the countries of Asia and the Far East in so far as these developments are shaped by, and help to determine, their policies.

The present report reviews the economic growth of ECAFE countries in the decade of the ’fifties in Part I in three chapters on its dimensions and determinants, financing, and case studies. In chapter 4, which forms Part II, the economic developments in the ECAFE region in 1961 are reviewed on the basis of the information available to the secretariat up to the time the Survey was written (January 1962).

The Survey is published solely on the responsibility of the secretariat, and the views expressed therein should not be attributed to the Commission or its member governments.