Five-Year Plan

(redirected from 5-year plan)
Also found in: Dictionary, Financial.

Five-Year Plan,

Soviet economic practice of planning to augment agricultural and industrial output by designated quotas for a limited period of usually five years. Nations other than the former USSR and the Soviet bloc members, especially developing countries, have adopted such plans for four, five, or more years. Joseph StalinStalin, Joseph Vissarionovich
, 1879–1953, Soviet Communist leader and head of the USSR from the death of V. I. Lenin (1924) until his own death, b. Gori, Georgia.
..... Click the link for more information.
, in 1928, launched the first Five-Year Plan; it was designed to industrialize the USSR in the shortest possible time and, in the process, to expedite the collectivization of farms. The plan, put into action ruthlessly, aimed at making the USSR self-sufficient and emphasized heavy industry at the expense of consumer goods. It covered the period from 1928 to 1933, but was officially considered completed in 1932. The second Five-Year Plan (1933–37) continued and expanded the first. The third plan (1938–42) was interrupted by World War II. The fourth covered the years 1946–50, the fifth 1951–55. The sixth plan (1956–60) was discarded in 1957, primarily because it overcommitted available resources and could not be fulfilled. It was replaced by a Seven-Year Plan (1959–65), which fell far short of estimated increases in agricultural (especially wheat) production. The Seven-Year Plan was considered the start of a longer period (20 years) devoted to the establishment of the material and technical basis of a Communist society. The late 1960s and early 1970s saw increased emphasis placed on consumer goods, and the 9th Five-Year Plan (1971–75) for the first time gave priority to light industry rather than heavy industry. The agricultural sector still grew far less than projected in the 10th (1976–80) and 11th (1981–85) Five-Year Plans, and overall economic performance was poor. The 12th and final Five-Year Plan (1986–90) projected increases in consumer goods and energy savings, but the economy began to slide, shrinking by 4% in 1990. The dissolution of the Soviet Union made the formation of a 13th Five-Year Plan a moot point.
References in periodicals archive ?
The ban is part of South Korea's Ministry of Agriculture, Food and Rural Affairs 5-Year Plan for Animal Welfare, which includes banning the testing of finished cosmetics product on animals.
Major-General Shaikh Abdulaziz bin Saud Al Khalifa has affirmed the National Guard's 5-year plan laid down by His Highness Lt-General Shaikh Mohammed bin Isa Al Khalifa the President of the National Guard included the raising and development of units' capabilities and readiness and the provision of all logistics and operational requirements.
The government has sought to incorporate the environmental dimension within the 11 th 5-year plan and prepare environmental maps for Tartous, Sweida and Damascus countryside provinces.
In addition, the UK side has expressed its interest in participating in the second 5-year plan of the state program of forced industrial-innovative development that is to kick off in Kazakhstan in 2015.
We discussed several national and state issues as well as the current 5-year plan that is being implemented.
The project is part of Phase II of the 5-Year Plan (2012-2016) for constructing internal roads at several Dubai residential districts with a cost to the tune of Dh1 billion.
The First 5-year Plan is approximately KWD 35 billion; which covers projects across a variety of sectors, including mega projects aimed at developing: oil capacity, utilities, infrastructure (including residential cities), and services (especially healthcare and education).
Nigeria's Access Bank has revealed its 5-year plan, stating that it wants to be the 'world's most respected African Bank' by 2018.
5-year plan will be made for railway, which will be monitored annually according to its targets.
Precision Air Precision Air announces review and fine-tuning of strategic 5-year plan.
as very fruitful and proposed to him a 5-year plan for reforming the Internet by installing top-of-the-line Hi-teck.
Beijing, under the terms of a 5-year plan ending in 2015, aims to double the amount of natural gas it uses to about 9 trillion cubic feet per year.