then, is recognition of the need to spell out explicitly both objectives and policies chat Governments intend to follor.t in pursuit of the accelerated development of the developing countries. 278. The specitic objective stateal by the General Assembly in its resolution 17lO (xvl) of 19 December 196I, in which it established the 1960s ss tbe first United tlations Development Decade, was ,,to attain in each under-developed country a substantial increase in the rate of growth, with each country setting its own Carget, taking as the objective a mininum annual rate of gror"th of aggregate national income of 5 per cent at the end of the Decade" (para. I). As part of a programme for international economic co-operation in achieving idhat ttas regarded as a bold and chaLlenging goal, the Assembly called on Member States and specialized agencies to pursue policies itesigned to increase exports from the developing countries, to ensure that lhey shared equltably in earnings from their natural resources and to provide then lrith an increased flow of development resources and private investment capital. In its resolution 1522 (xv) of 15 December 1960' the General Asgembly had expressed the deslrabil.ity of expanding and systematizing lhe regular transfer of resources to developing countries and of setting a target for those transfers in terms of lhe combined national income of the more economically advanced countries. Finauy, in its resolution 1710 (XVI) ' the Assembly requested the secr eta ry-Genera l, ln consultation eith the heads of appropriace international agencies, to develop proposals for the intensification of internatlonal action in the area of economic and social development. 279, Towa rd the end of lhe 1950s, honever, it became increasingly clear thaL there was a need co improve uPon the modest record of economic and social progressA/ 40 / 5L9 English Page 129
**Analysis**
The text appears to be discussing the development of underdeveloped countries, focusing on economic growth, international cooperation, and resource transfer. It mentions the need for governments to explicitly outline their objectives and policies for achieving accelerated development, as well as the role of international agencies and organizations in supporting this effort.

**Category**
Economic development, International trade