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    Five-Year Plans for the National Economy of the Soviet Union

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    msistarted0

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    Five-Year Plans for the National Economy of the Soviet Union

    Post by msistarted0 on Mon Jan 17, 2011 6:26 am

    The Five-Year Plans for the National Economy of the Soviet Union (Russian: пятилетка, Pyatiletka) were a series of nation-wide centralized exercises in rapid economic development in the Soviet Union. The plans were developed by a state planning committee based on the Theory of Productive Forces that was part of the general guidelines of the Communist Party for economic development. Fulfilling the plan became the watchword of Soviet bureaucracy. (See Overview of the Soviet economic planning process) The same method of planning was also adopted by most other communist states, including the People's Republic of China. In addition, several capitalist states have emulated the concept of central planning, though in the context of a market economy, by setting integrated economic goals for a finite period of time. Thus are found "Seven-year Plans" and "Twelve-Year Plans". Nazi Germany emulated the practice in its Four Year Plan designed to bring Germany to war-readiness.

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