Finance & Development, March 1965 [electronic resource]

By: International Monetary Fund. External Relations DeptMaterial type: TextTextSeries: Finance & Development; Finance & Development, Volume 2 ; No. 1Publication details: Washington, D.C. : International Monetary Fund, 1965Description: 1 online resource (70 p.)ISBN: 1616352779 :ISSN: 0145-1707Subject(s): Central Bank | Economic Development | Monetary Fund | National Economic Development | India | Iran, Islamic Republic of | Philippines | United Kingdom | United StatesAdditional physical formats: Print Version:: Finance & Development, March 1965Online resources: IMF e-Library | IMF Book Store Abstract: This paper examines the importance of national planning for economic development of a country. The paper highlights that when World War II began, Soviet Russia was the only country engaged in systematic development planning, and then only since 1929, when its First Five-Year Plan was approved. At the end of the War, Asian countries that either had, or were about to, become independent, embraced planning to a much greater extent than countries in any other region.
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This paper examines the importance of national planning for economic development of a country. The paper highlights that when World War II began, Soviet Russia was the only country engaged in systematic development planning, and then only since 1929, when its First Five-Year Plan was approved. At the end of the War, Asian countries that either had, or were about to, become independent, embraced planning to a much greater extent than countries in any other region.

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