requested that the next comprehensive report be prepared in 1985 and submitted tolts fortieth session, through the Econootc and soclal Councll. A summary of thepresent report (E/1985/I02) was submltteal to the Council at its second regular session of 1985. 3. Allhough forwa rd-Iooki ng, tbe present soclo-economic perspective also attemptsto place recent trends in a longer term hlstorical context in order to assess broadshifts in development patterns and progress or problems in achieving the goals and objeceives of the United Nations development decades. Section VI of the present report reviews briefly the 2s-year experlence from 1960 to tbe mid-point of the Third United Nations Development Decade and hiqhlight the following four broad themes that have guided the selectlon of p6rCiculai policy scenarios and ofcritical lssues for more detailed analysis: ' (a) ReaL economic arolrth, whlle BatiEfactory dluring the 1960s, has fallen farshort of targets and dec€lerated in absolute terms since thent (b) Structural change and developn€nt, as contrasted to overall grorrrth, ground almost to a halt in the early 1980s, capital formation is being hampered bya |tpre hostile international monetary and financi.al environment, and exports face narkets that are expanding more sloidly and show disturbing siEns of lncreasing PrOtectionismt (c) Least developed and other digEdvantaged countries have never fullyparticipated in devetopment progress of any kind that has been achieved elsewherei (d) Social development and the development of human resources require greater attention, even at a time when economic problems may seem overwhelming andpreasures for fiscal retrencbment greatest. 4. The analyses of the socio-economic perspective in sections III to V are organized in terns of two benchmark horizons, the years 1990 and 2000, and areA/40/519 English page5 presented intermsofbroader outlook fortheworldeconomy through those respective years,aswellasingreaterdetailforselected critical issues. The medium-term outlook, extending through 1990,comprises thebaseline projection, whichisanextrapolation ofcurrent conditions, indicating gradual recovery ofthe worldeconomy, andofpresent, relatively cautious andrestrictive, policy stances.IISeveral alternative scenarios ofpolicychangedesigned tostrengthen and.sustain worldeconomic recovery andtopromote morerapidgrowthindeveloping
**Analysis**
The text appears to be discussing the socio-economic development of countries, focusing on the trends, challenges, and prospects for the world economy. It highlights the importance of structural change, capital formation, and social development, which are all key aspects of economic development. The text also mentions the impact of international monetary and financial environment on exports and capital formation, indicating a connection to international trade.

**Category**
Economic development, International trade