r.r1th progressive achieveoent of accelerace'l grouth and developoent ln alI alevetoping countries. The developing countries are assumed to recover graalually from ttre current r,rorld-ttide recesgion to attain the targets of the Strateqy for GDP growth in the {hiral Unlteat l'btions Development Decade, within the framerdork of world-wide economic expansion. Such recovery and expanslon aPpear to be feasible inphysicaltermsrgivensufficientlnternationalpolicyco-ordination'assumlng that no major crises arise that cannot be dealt wiih by the existing mechanisns for international crisis management. The question that then rernains is ebether thls scenario i3 feasible financlallyt the answer that eoerges from the analysis ls thalr while there remains little room for manoeuvring, tbe financing can b€ achieved if the ODA targets are met' 1. Assumptions 155. For each developlng country i,here the recent (1974-19851 investnent share in GDP is 1es8 than the Internstion€I Development strategy target of 28 per ceBt and/or vrhere the ICoR is above the strategy target of 4'0' lt is assumed that these pararneters adjust gratlually, year by year beginning in 1986r until the target values are reached. Investment shares smaller than 28 per cent ttere assumed to increase I percentage point annually for countrles r,'ith growth rates less than 7 per cent. rcoRs above 12.0 $ere assuned to be 12'0 in i9g6' and subsoquentLy all ICORg adjust downwa rd by 0.5 per year until the target valrre (4'0) is,reached' (As 95 per cent of the couniriee irave- IcoRs belon 12 tn 1985' the reduction to 12 for the remaining 5 per cent can be justified on the grounda !h"! ulY"yu1-:on'litlonE ' often lnvolvi.rrg .*a"rrr"i efiects-on productivity ' produced tbe high.ICORg in the flrst place.) Iopllcit in these targets are assut0ptlons that pollcles at tbe nalional and lnternational levels will be dtrected at promoting the bighest
**Analysis**
The text discusses the potential for economic growth and development in developing countries, with a focus on investment rates, growth rates, and international cooperation. It assumes a gradual recovery from the current economic recession and sets targets for GDP growth. The text also mentions international policy coordination and the role of official development assistance (ODA) in achieving these targets.

**Category**
Economic development, International trade