Paper delivered at the First Asian Conference on Development held in Hong Kong from 15 to 18 December 1969 and sponsored by the Brotherhood of Asian Trade Unionists (regional body in Asia of the World Confederation of Labour).This is a review of the progress achieved so far in development and it focuses attention on certain major problems and issues of development policy which confront the developing countries in Asia. The approach has been selective and the emphasis herein is on trends and aspects of development which condition and guide national and international action to which efforts should be directed. The discussion is focused on certain priority areas of concern to Asian nations in the context of international and regional cooperation and is intended to provide a background to assist the Conference in understanding and orienting current and future actions in relevant fields in Asia