exanine tbe different groups of developi.ng countries shouh in tables 29 and 30 andto dist.inguish between the recovery projected through 1990 and Che steady, long-term developnent assuned for tbe period 1991-2000. 174. fn order to meee the production largets of the higher-growth scenario, the rnain requirernent for the next five years is to increase real invesenent as afraction of GDP, especial-ly in the low-incone and least developed economies. The 1980 savings rate and investment share in tahle 29 are very lou in the low-ihcome Pe t.roleum-impor ting countries, compared to atl petroleum-inpor t ing developing countries, and lower stiLl for the least developed countries. Conparing the baseline and higher-growth scenarios in table 29. the investnent share in 1990 ltould be 3.7 per cent lower under Che baseline (22.2 per cent to 25.9 per cent) inthe low-income countries and 5.4 per cent lower (13.8 per cent to 19.2 per cent) inthe least developed countries. These differences are 'larger than the corresponding 3.0 per cent difference for alI pe troleum- irnpor t ing devel-oping councries together and are the doninant aspect of the whole conparison. Moreover, since savings arenot very responsive to increased incone at low absoluee levels of per capita incone. the average internal balance in 1990 for the low-incone developingcountries is projected as 7.5 per cent of GDp and 11.8 per cent for the least developed countries. These balances are nucb higher than the 5.7 per c€nt averagefor the oil-irnporting developing countries as a whole, and they also largely deternine the total balance. 175. However, since the econonic arowth projecled for lhe next five years is a recovery from a serious world-wide recession, rather than development frorn a highbase, capital fornation for developing economies will not be heavily dependent on imports of nanufactured goods. Inports increase, but not as fast as investment.
**Analysis**
The text appears to be discussing the economic development of developing countries, specifically the importance of increasing real investment as a fraction of GDP, especially in low-income and least developed economies. The text also mentions the need for capital formation and the projected economic growth for the next five years.

**Category**
Economic development