text: 3. Tbese economlc obJectives steo from three politlcal principles that have been consolidated ln practice: first, the mixed economy expres6ed in the planned economy sith one-third of productlon in state enterprises, a groitlng co-operative seclor and safeguards for private enterpriset aecond, dedication to political pluralism and human rights expressed in the democratic electlons held j.n 1984 and the present llational Asseoblyt and thlrd, non-alignoent in the counlryrs internatlonal policy. 4, During the first three years of the revolution, this economlc strategy began to bear fruit and to produce a flEdeI of development shich ras admired throughout the rrorld. There rda s universal recognition of. the progress achieved in education and healtht agrarian reform and agro-industrial developmen! projectst new economic relations $ith the third rorldr physical planning and supply system5t increasing rrorker participation in managetrent t the promotion and organization of small production etc. 5, Moat of the decline in output ln 1.9?9, when production fell by 28 per cent, has been reversed and an acceptable growth rate h€s been malntained desplle the regional economic crlsis. whlle the other economies in the region (and in Latin Aoerica as a whole) suffered from falling production' rlsing unemPloyment and coll.apslng lnvegtment, the grolrtb rate in Nicaragua averaged 5 per cent per annum beteeen l9?9 and 1983, unemployment was vircually ellminated and an average ofA/4o/596 EngI i sh Page 54 19 per cent of cDP was being invested between 1980 and 1983, despite lhe fact that Nicaragua's terms of trade deterlorated by aPproxlmately 30 per cent betrteen 1978 and 1983. These gains were not acbleved wlthout some macro-economic imbalances' but tshe imbalances rrere beinq overco{ne, and broad support r,as being supplied in the form of external resources from all areas of the sor1d. 5. As the international community knows, our small developing country has been
analysis: The text appears to be discussing the economic development of a small developing country, specifically Nicaragua, and its achievements and challenges in the 1980s. The text highlights the country's economic strategy, its mixed economy, and the progress made in education, health, and agriculture, as well as the country's international relations and its response to economic crises.