ISLAMABAD -- Amid questions over rationality of a centrally planned
economy after the 18th Amendment, the federal government is seeking approval of the National Economic Council (NEC) to prepare the 12th Five-Year Plan 2018-2023 with an aim to achieve 6.
In many ways, the region is an incredible success story, having transformed successfully from centrally planned
economies to market-based systems in less than a generation.
Before jumping to a conclusion it is worth keeping in mind that although the centrally planned
communist economies have succeeded in changing countries from primitive agrarian economies into the industrial powers, none of them (the Soviet Union, former East European countries, Cuba, Venezuela, North Korea) have managed to succeed in moving on to the higher levels of income attained by the more developed, market-oriented capitalist economies.
Secondly, steel is being dumped by the Chinese centrally planned
economy that has over invested in steel production.
Hungary is a member of the European Union and has transitioned from a centrally planned
economy to a market-based one since the fall of communism in 1989.
embargo (1994), Vietnam went from a centrally planned
economy to a osocialist-oriented market economy.
His Cuban counterpart, Raul Castro, welcomed the announcement but said detente would not lead Cuba to change its single-party political system or centrally planned
Years of fewer births mean the number of working-age people in Cuba is expected to shrink starting next year, terrible news for an island attempting to jumpstart its stagnant centrally planned
The Cuban government is struggling to bolster a dysfunctional centrally planned
economy after decades of inefficiency and underinvestment.
The challenges faced by Kunlun show that the impact of the country's price reforms -- as China transitions from a centrally planned
economy to a more market-driven one - can be magnified by deteriorating economic circumstances to produce an unintended effect, analysts say.
But until now they have been yoked to a rigid, centrally planned
economic apparatus that has failed to meet Cuba's needs.
Since initiating market reforms in 1978, China has shifted from a centrally planned
to a market based economy and experienced rapid economic and social development.