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Five-Year Plans |
Also found in: Wikipedia, Hutchinson | 0.04 sec. |
Five-Year PlansMethod of planning economic growth over limited periods, through the use of quotas, used first in the Soviet Union and later in other socialist states. In the Soviet Union, the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods. The second plan (1933–37) continued the objectives of the first. Collectivization led to terrible famines, especially in the Ukraine, that caused the deaths of millions. The third (1938–42) emphasized the production of armaments. The fourth (1946–53) again stressed heavy industry and military buildup, angering the Western powers. In China, the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful. Shortly after the second plan began in 1958, the Great Leap Forward was announced; its goals conflicted with the five-year plan, leading to failure and the withdrawal of Soviet aid in 1960. |
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| In actual fact, as explained by an official, the Government has decided to go through two five-year plans to provide a smoother programme continuity--the prime aim being a vast modernisation of both the Greek armed forces and the defence industry. While most businesses have developed five-year plans, their budget horizons hover at 18 months or less. This was followed by the moderately successful second and third five-year plans, for 1981-85 and 1986-90, the fourth plan (1991-95), the fifth (1996-2000), the sixth (2001-2005) and the seventh (2006-2010). |
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