the hlgher-grorrth scenario, since the 1990 value ls often reasonably close to the ultimate target. At the same tine, the sbare of aavinqa continues to expandt therefore, the internal balances recede. (Ihe least developed countries are an exception. Both their investnent and savlngs are ao neak that neither woul'l be near the target lates even bY the year e000.) On the external side, loports aa a fraction of real cDp increas; stgniflcantly during the decade of the 19908, rhlle exports generally fall relative to GDP. The latter ls a conseguence ol the fact tha! world trade, under the hlghei-groHEh acenarlo' is projected to grow no faster in che I990s than ln the Perlod 1986-1990, thile graalual achlevement of the higher-growth targets lrnpllee that the developlng countrles l,lll grol' at a faEter rate than real world traale. Therefore, by the end of th€ century external balancea are much larger and forelgn exchange conatralnts tre crltical. 3. Financing hlgher growth 177. The remaining najor issue i5 hoe to finance the external balance of the pe:roleum-lmpor ti ng countries, which ls projected !o reach about $135 blllion (in 1975 prices) or ?.2 per cent of their combined GDP in the year 2000. !o mobllize that amount of financing, it nould alm,ost certalnly be necessary for ODA to increase to the Strategy target of 0.? per cent Of the donor countriear GNP. Under the higher-growch scenario, oDA nould a(Ktunt Eo $IO4 biUion by the year 2000 lf the oDA target l'ere achlevedr thls $ou lal cover over three quarbers of the Projected flnancing required, OPEC concesslonal assistance has currently rePr€sented an even hlgher percentage of donor cNP, from 1.5 to 2.5 per cent during the years fron 1975 to 1981. Ab 1.5 per cent, tbis source would generate an addittonal $19 billion by
**Analysis**
The text appears to be discussing economic growth, trade, and development, with a focus on the financing of external balances and the role of foreign aid. The language used is technical and specialized, suggesting a high level of expertise in the field of international economics.

**Category**
International trade, Economic development