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Economic prospects for the Third World: the 1987 forecasts

Book/book chapter

Written by Sheila Page

The fall in oil prices stimulated developed countries' growth even less than expected, but growth in the developing was higher.

Several of the forecasters raise the question that this conference is particularly concerned with the impact of the depression and specifically with the debt problems of both medium and low income countries on the prospects of future development and its pattern.

Several forecasters call for policy action with international coordination to restore growth in the international economy, including the BIS, the World Bank, the OECD, UNCTAD, and the UN.

Sheila Page