World Economic Survey 1975 takes a closer look at the fluctuations and development in the world economy in the first half of the 1970s. The 1971-1975 period was one of great instability in which short-term problems and emergencies tended to pre-empt the attention of policymakers. The Survey also looks ahead to the second half of the decade and the efforts needed to restore more stable growth and improve the national and international division of labour and distribution. Chapter 1. Fluctuations in the World Economy -- Chapter 2. Problems and prospects for the 2nd half of the decade.