text: taxation ofeconomic activities, inclUding agriculture, manufacturing andservices, tominimize taxcompliance costsandtopromote al10cative efficiency andgrowth. 12.53Policy-oriented research willalsobeundertaken tosupport theefforts of Statesinencouraging indigenous entrepreneurs. Inthisarea,theresearch will address national policies inareassuchasregulatory environment, taxpolicies and financial sector development topromote indigenous entrepreneurship. Consideration willalsobegiventosupport international technical co-operation inthisfield. Factors oftheinternational environment thataffectenterprises indeveloping countries willbeinvestigated. SUBPROGRAMME 5.DEVELOPMENT PERSPECTIVES ANDEARLYIDENTIFICATION OFEMERGING ISSUES (a)Objectives 12.54 Thelegislative authority forsubprogramme 5derives fromGeneral Assembly resolutions 40/207, 43/194 and43/196; andEconomic andSocialCouncil resolutions 1035(XXXVII), 1079(XXXIX), 1965(LI),1988/75, and1989/85. 12.55Authoritative andcomprehensive monitoring oftheprogress ofworld development andanalyses ofboththemedium- andlong-term prospects fortheworld economy arerequired inordertoassistintergovernmental bodies andMemberStates intheirefforts toidentify potential problem areasandemerging issuesinthe worldeconomy. Theorganization ofalargevolumeofinformation andofa continuously evolving andimproving methodology foritsanalysis istherefore required, particularly sincenewissuesarelikelytoemergeinaperiodofrapid political, institutional andsocial changeinvirtually allregions oftheworld. Long-term trendsineconomic andsocial development attheglobal, regional and national levels needtobestudied inasystematic andquantitative mannerbymeans ofeconometric, input-output modelling andothertechniques inordertoprovide up-to-date analyses ofemerging issuesofconcern totheinternational community, asoneofmeansforassisting Governments inmonitoring theimplementation ofthe international development strategy forthe1990s. Policymodelling, projections andperspectives arealsoessential forstudies undertaken underother subprograrnrnes, aswellasfortheoverall planning offutureactivities bothinthe United Nations andinthespecialized agencies. 12.56 Theobjectives ofthesubprograrnrne are(a)tostrengthen thecapabilities of intergovernmental bodies andMemberStatesfortheearlyidentification ofemerging problems intheworldeconomy byimproving existing mechanisms andmeansfor providing socio-economic dataandforecasts available intheUnitedNations ina comprehensive andreadily accessible form;(b)toincrease awareness atthe national andinternational policy-making levelsofmajordevelopment issues and problems withup-tO-date assessments ofperspectives andalternative scenarios with aviewtoencouraging MemberStatestoimprove theirownanalytical workand forecasting activities; and(c)tofurther develop linksandincrease theflowof -13-socio-economic information between theUnited Nations andnational research and information centres tothegreatest extent possible. (b)Courseofaction oftheSecretariat 12.57 Withregard topolicy modelling oftheglobal economy, theglobal econometric modelofProject LINKwillcontinue toprovide quantitative analysis of theshort- andmedium-term outlook forexternal debtproblems, commodity price shocks, theimpact ofcloser integration ofmembers ofregional trading blocsetc. Research priorities willinclude thedevelopment ofaframework forbetter analysis ofworldtradeinservices, capital goods, andcommodities, thedevelopment ofmore andbetter models forAfrican, western Asianandleastdeveloped economies, the development ofsatellite models forselected socialindicators, andtheexpansion ofthetimehorizon oftheprojections totheyear2000. 12.58 Withregard topolicy modelling ofenvironmental andresource issues, the
analysis: This text appears to be focused on economic development, with a specific emphasis on taxation, entrepreneurship, and policy-oriented research. The language used suggests a focus on macroeconomic issues, such as the global economy, trade, and economic growth. Additionally, the text mentions the need for analysis of emerging issues and the development of links between international organizations and national research centers, which further supports the categorization under economic development.