Pacific Development and Cooperation

Saburo Okita

Chapter 8 in Protection, Cooperation, Integration and Development, 1987, pp 114-126 from Palgrave Macmillan

Abstract: Abstract World economic growth centred on the industrialised nations in the period between the end of the Second World War and the 1960s. The EC’s intra- and extra-regional trade was at its peak, and growth in the USA was reflected in the Atlantic region which acted as the support for worldwide economic growth, trade expansion and regional development. With the turn of the decade, however, the industrialised nations’ economic growth slowed down drastically, and the world economy’s centre of gravity shifted to the oil-producing nations and the developing and newly industrialising countries (NICs) of Latin America and Asia as these countries’ trade expansion and economic growth made remarkable strides.

Keywords: Pacific Region; Saving Rate; International Division; Domestic Saving; Pacific Country (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-09370-0_8

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