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The 1960s
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The global climate in the 1960s was one of excitement and hope brought by the independence of many countries from colonialism, the UN declaration of the First Development Decade, and unprecedented economic growth. Against this background, the Survey reminded developed countries about their responsibilities to assist broader economic growth and industrialization in developing countries in support of social development. The Survey contributed to identifying development challenges and to enhancing creative thinking to development policy and practices. It also provided analytical rationale for establishing specialized UN entities such as UNCTAD and UNIDO. Behind the excitement, however, the Survey expressed concerned about the sustainability of the international monetary system, a prelude to the turbulent 1970s and 1980s following the collapse of the Bretton Woods system.
Title: The 1960s
Description:
The global climate in the 1960s was one of excitement and hope brought by the independence of many countries from colonialism, the UN declaration of the First Development Decade, and unprecedented economic growth.
Against this background, the Survey reminded developed countries about their responsibilities to assist broader economic growth and industrialization in developing countries in support of social development.
The Survey contributed to identifying development challenges and to enhancing creative thinking to development policy and practices.
It also provided analytical rationale for establishing specialized UN entities such as UNCTAD and UNIDO.
Behind the excitement, however, the Survey expressed concerned about the sustainability of the international monetary system, a prelude to the turbulent 1970s and 1980s following the collapse of the Bretton Woods system.
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