Finance and Development

Finance and Development
Journal
Publisher:
International Monetary Fund
ISSN:
0145-1707
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance and Development. This lively quarterly magazine brings you in-depth analysis of these and other subjects by the IMF’s staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF. Additional features include book reviews; profiles of prominent economists; and a regular column, Back to Basics, that explores key economic concepts for the nonspecialist reader. Finance and Development is read by policymakers, academics, economic practitioners, and decision makers around the world.
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Finance & Development, March 1965

Finance & Development, March 1965
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Journal Issue
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Volume/Issue:
2/1
Series:
Finance & Development
Author(s):
International Monetary Fund. External Relations Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
March 1965
DOI:
http://dx.doi.org/10.5089/9781616352776.022
ISBN:
9781616352776
ISSN:
0145-1707
Page:
70
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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