text: experlenced by non-oil exporting developing countries during the perlo'l 1981-1984 nas achieved through the stringent imPort restrain! and export promotion. Although tbe current account deiicit is projected to increase overtioe, much of the increase is ascribed to Agia. In other alefeloping regions, current account deficits are expecteil to remain more or less unchanged except in the I€tin Amerlcan and caribbean region where the current account deficit is expected to be nearly zero In 1990, inplying a continuatlon of large trade surpluses. Emerging from these baseline projectlons is bhe assuroptlon that tbe mix betlreen adjustment and flnancing lrill remain in the alirectlon of more adJuslment and less financing for bhe remainder of the decade. Alternative scenarios are examined in paragraPhs I2l-138 below. 103. As regards the conponents of the current account of non:oil exporting economies, export earnlngs are projected to be about $390.1 bluion Per year on the average during the period 1985-1990, whlch ls higher than Ehe annual average of $264.6 biulon during 1981-1984. Thls ihcrease in export earnings corresponds to an average annual lncrease of 8.9 per cent (5.5 Per cent ln volufoe and 3.4 per cent in prlce) during the saoe Period. 104. The relatively lower growth rate of exPort volune projected for hhe balance of the current decaale, as coopared to a grorrth rate of ?.0 per cent per year durlnq the l97os, is nainly tlue to the expecteil mild growth of denand in developed countrles and the likely continuance of intensifled trade inpedinents that are geared tonard the labour-intensive goods. 105. The e*port volume of non-oil prioary conflPdities from the non-oil exporting developing countriea is expected to groH a! an average annual rate of 2.6 per ceot for the periott 1985-1990. ExPorts of manufactures are expected to grow at a fasterA/40/5l9 English Page50 rateof9.6percentinthesameperiod. Inbothcasesthegrowthofexports is lowerthanthecorresponding ratesduringthe1970s(3.3percentfornon-oil
analysis: The text appears to be discussing economic trends and projections for non-oil exporting developing countries, specifically focusing on their current account deficits, export earnings, and trade patterns. The language used is technical and economic in nature, indicating a strong focus on economic development and international trade.