28- For each deveroping country in which the investment share in cDp is rese thanthe International Development Strategy target of 29 per cent anat/or where theincremental capital-output ratio ls above the target of 4.0 per cent, elther orboth, of these are adjusted (gradually, until the target values are reached.Further, explicit adjustments to assumptlona for deveroped countries are made whichresult in long-term growlh rates on the order of tbe hternational DevelopoenEstrategy expectation of 4 per cent a6 contrasted Hith the baserlne projection of3-per cent. Finally, it rras assumedt that no significant ateterioration ln the ternsof trade $ould occur and that there uoulal be no appreciabl,e increase lnprotectionism- The generar concluslon that energes is that z per cent rear growthfor devel-oping countries, taken as a Hhole, ia achr.eveable, but not until themid-l99 0s .N40/5r9 EngIi sh Page 17 29. The analysis incluales a aletalled aseeasment of financing the external balance of the petroleum-impor ttng countries' nhich woulal require about $155.billion (in 1975 prlces) by the year 2000 unaler the higher-qrowth scenario' official development assistance, assuning that oDA targets are met, and concessional aesistance of the Organization of the Petroleum Exporting Countries (OPEC) ' at current rates, would generate $I23 billion or nearly 80 Per cent of the require'l financlng. Private capital flor's and/or lmProvements in the terms of trade can plausibly be expected to cover the balance. 30. There Is an open question whelher productivity of caPital and labour $ould lncrease sufficiently to achieve the growth envisloned in the higher-growth scenarlo. In fact, the overall ateterlorati.on ln performance from the L960s to the 1980s may be attrlbuted in part to progresstvely increasing lnefficiency in the utilizacion of capital anat/or to inadeguate manponer retralnlng. savings rates and tnvestment as a fractlon of GDP both increased gubstantially from 1960 to 1980, but sheer capltal formEtion ls not sufficlent. litoreover, the task of iuPlementlng sultable tecbnological transfers and a nassive moblLlzation of resources for
**Analysis**
The text appears to be discussing economic development, specifically the growth rates and investment strategies for developing countries. It mentions targets for investment share in CDp, incremental capital-output ratio, and long-term growth rates, indicating a focus on economic development. Additionally, it discusses financing external balances and official development assistance, which further supports the economic development category.

**Category**
Economic development, International trade