lnvestment ate certalnly not easy ln the oedlud-tero but should be nade part of a long-term 9oa1. 31. The financial aspect includes two particularly ltrPortant i66uea' First' r'il1 ODA increase to the l.evel' requlreal' even though many of the developed countrieE are bese! ith serlous unemployoent and some are preoccupletl with redlucing tbe scale of government? second, wttt tne necesEary private capital flows to developing iountries be forthcoming or will they alry up or carry oneroua lnterest rates at the first slgn of a crlsls aituation? fitturb to meet. these requirements would limit rather than promote structural development and growth. 32. Table 7 presents a lower-grovtth scenario ln which lhe gronth rate of tleveloping countries to the year 2oOO is Projected to remaln as lovt as that experienced during the Period L974-I985. since the basellne projectlon lmpllcitly assumes considerable background stabllity and stnce the Period 1974-1985 ras characterized by considerible Lnstabllityr the lower-grontb scenario may be regarded as a tesc of the robustness of the basellne scenarlo to unforeseen crisis. It emergeE that the loser-growth scenario ls significantly sore pessimistic than the baseline. Average real growtb ratea of 2'5 and 3 per cent per annum rrou lat be the norm for many countries, not only for those ln Africa'A/40/519 English Page18 Table7.Lower-growth scenario, projections of growthratesofGDP,1986-2000!I (Realgrowthrateinpercentage) Economy group 1965-1985 1986-1990 1991-2000 WOrld 3.9 3.1 3.2 Developed market economies 3.2 2.5 2.6 USSRandEastern Europe 4.8 3.8 3.9 China, Romania andYugoslavia 6.9 5.3 5.5 Developing countries 5.3 3.6 3.9 LatinAmerica 4.9 3.3 3.4 Africa 4.2 2.6 2.7 WestAsia 5.9 2.6 3.0 SouthandEastAsia 6.0 5.1 5.2 Petroleum-exporting 5.4 3.1 3.4 Petroleum-importing 5.2 4.0 4.1 Source, Department ofInternational Economic andSocialAffairs oftheUnited Nations Secretariat. yNetmaterial product forplanned economies. C.Socio-economic perspectives 33.Successive General Assembly resolutions establishing thethreeUnitedNations development decades haveexpressed clearconcerns andobjectives forsocial development andthedevelopment ofhumanresources. Theneedformoreequitable
**Analysis**
The text primarily discusses economic development, specifically the investment and growth rates of developing countries. It also touches on the financial aspect of development, including the importance of private capital flows and the potential for crisis. The text also mentions socio-economic perspectives, including the need for more equitable distribution of resources.

**Category**
Economic development, International trade