74- lbr the deveroping countries, their strategic minerar resources have beconesotnelrhat of a d ir-ernrna in their current and future prans for socl0-econonicdeveloFnent- They cannot easily \di.thhotd them to pre-empt their possibre nitltaryconsumption by the developed world without affecting their own developnentpr ogr atnme s, since it is also the export of such resources that enables them toinport the capital and technology required for their donestic utilization forcivll-ian purposes. On the other- hand, the prevailing economic anal political costsof the lmport of capital and technorogy in in internationar situatr;n doninated bystrategic considerations rerated to the arms race are such that severar of lhedeveloping countries are becorning increasingly restive about their short- andlong-tern implications. As pointed out in lhe 1977 report, the arms race fostersconcerns about the political and social options chosen by other countries,particularly those that are deemed to have strategic significance. The nature ofecononic concessions associated rrith transfers of capit;l and technology to thedeveloping countries thus tends to becorne increasingry affected uy cteii strategicsignificance to the najor suppliers and, in several cases, the purely financialcosts of such concessions provide rittre crue co their econornic, poritical andsocial inplications.
**Analysis**
The text discusses the complex relationship between developing countries and their strategic mineral resources, highlighting the challenges they face in balancing their need for economic development with the constraints imposed by the arms race and the dominant economic and political powers. The text emphasizes the interdependence of economic development and the import of capital and technology, while also pointing to the concerns about the political and social implications of these concessions.

**Category**
Economic development, International trade