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Finance & Development, March 1965
Author:
International Monetary Fund. External Relations Dept.
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Series:
Finance & Development
Volume/Issue:
Volume 2: Issue 001
Language:
English
Publication Date:
01 Mar 1965
DOI:
https://doi.org/10.5089/9781616352776.022
ISBN:
9781616352776
ISSN:
0015-1947
Pages:
70
Keywords:
FD; F&D; country; IDA lending; cost; government; independence vis-à-vis; transport economist; poor land; flight of capital; development credit; Capital outflows; Development strategy; Currencies; Capital flows; Europe; Western Europe; Caribbean; Africa; Middle East; Central Asia
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Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.
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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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Cover Finance & Development
Finance & Development
ISSN:
0015-1947
Publisher:
International Monetary Fund