12r' The discussion below presents the empiricar resuLts of alternative scenarrosimulations aimed at measurJ.ng the impact on growth in world GNp of poticy changesin critical areas of the litcrth-south dialogue. The simulations have been carrlealouc rtith the aid of the econometric models of project LrNK anal the Fugi GtobalModel, referred to earlier. In particular, the scenarios atteftpt to assess thelikely impact on grorrth of the follouing lndlvidual policy actions! 1. Reduction of interest rates to be brought about through co-ordinatedappropri.ate fibnetary and fiscal policies in OBCD countriesi 2. Trade Liberalization i.n OECD counEries,A/40/5L9 EngIi sh Page 57 3. Achieve ODA aid target of 0..7 per cent of GNP by 1990t 4. Increased direct private investnentt 5. Debt rescheduling t 6. Increaaed transfer of technology to and manponer development in developlng countries t 7. Progress in global disarmamentt 8. Depreciation of the United states dollart 9. Composlte scenarios t 10. Expansion of South-South trade. 122. In addltlon to the indlvidual po.Licy measures listed above, the impact hae also been assessed of several policy packages consistlng of different combinationsof these individual measures. The results of the simulations of these scenarios based on the Fugi clobal Macro-economic ModeL are given in tables 22 and 23' nhile those based on the econometric nodels of project LINK are given in tables 24 and 25. Brief descriptions of the assumptions underlying the varlous scenarios aregiven in the annex to Ehe present section.AAolrr9 EDgli eh Page 58 TabIE 22. SiDulatlons uaing the !u91 uodelr deeratlon of GDP gronbh rate€ of alternatlve acenarlo€ froo baaelhe projectiona. 1985-1990 (Pelcent ge pornta) ScenttloAvsrage annual devialton of aq€nario froe the baaelioe q/ Deeelogsd nrrke! @econonlee Tot.I Oil-exporthg oil-iiporttng I. J. {.tieduction of internatiooal lnt6reat ratea Traatc Ilbe!allaatlonin OECD countrles Achleelng the O[tA target by 1990 Incr€aaed dtreet private Lnv€atrqnt 9/ Debt teschsaluling Incre.aed tranaf€! of tecbnologyto and Danlroee! dgveLopoent ln deveJ,olring countrlea 7, Prggtsse rn global dlgaroalgnt CoLperte Ec€narloat A-l+2 B-I+2+3 C-I+2+3+{ D-1+2+3+{+5 E,I+2+3+{+5+6 F=l+2+3+{+5+5}?o.25 -0.01 o.o2 0,08 0.0r -0,05 0.:!3 0.2 5 o.27 0.35
**Analysis**
The text appears to be a discussion of policy simulations aimed at assessing the impact of various economic policy changes on global economic growth, specifically in the context of the North-South dialogue. The scenarios involve changes in interest rates, trade liberalization, foreign aid, debt rescheduling, and technology transfer, among others. The text seems to be focused on economic development and international trade, with an emphasis on the global economy and the relationships between developed and developing countries.

**Category**
Economic development, International trade