Authoritative and reliable, the 1998 World Economic and Social Survey offers unique insight and commentary on current trends and policies in the world economy. Its forecasts and lucid descriptions make it an essential tool for those involved in international trade and finance. This new edition provides a comprehensive review of macro-economic developments in 1997 and the outlook for 1998 in developed, developing and transition economies. It also surveys major trends in international trade and financial flows; the net transfer of financial resources; implications of the European Union agreement to start monetary union in 1999; and emerging lessons from the international treatment of the Asian currency crisis. This essential Survey includes detailed statistical tables, incorporating current data and forecasts.