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2021-01-20 20:24
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2021年1月20日发(作者:负隅顽抗)
..
Planning
to
fail:An
Analysis
on
Economic
Planning Failure in Developing Countries
ABSTRACT
Economic
planning
is
a
term
used
to
describe
the
long
term
plans
of
an
incumbent
government
to
manage
the
economy.
Planning
is
defined
as
conceiving,
initiating,
regulating
and
controlling
economic
activity
by
the
state
according
to
set
priorities
with
a
view
to
achieving
well-defined
objectives
within a given time. The provision of a regulatory regime that
promotes
rather
than
constrains
economic
growth
is
an
important
part
of
good
governance.
The
ability
of
the
state
to
provide effective regulatory can be expected to be a determinant
of
how
well
markets
and
the
economy
perform.
The
most
important prerequisite of economic development is the aspiring
nation's
access
to
the
discoveries
of
modern
science
and
innovators
to
adapt
these
discoveries
to
the
needs
of
marketplace. This paper is rich in issues that relates to avoiding
failure of economic plans. The paper targets developing nations,
as
they
have
fewer
resources
to
fund
failure.
The
paper
concludes
by
emphasizing
on
monitoring
of
government
plans
for desirable results.

;.
..
INTRODUCTION







This term,I have read an economic article :
Planning to Fail:
An
Analysis
on
Economic
Planning
Failure
in
Developing
Countries.
This
paper
was
developed
on
the
original
article
(
A
Glimpse
on
Economic
Planning
Failure
)
submitted
to
the
Zimbabwe
Economic
Society,
and
published
on
the
Financial
Gazzette on 4 Dec 2009.



The
author
is
Wellington
Garikai
Bonga
who
is
a
regular
researcher on Development & Social Issues, Financial Markets,
Monetary
Economics
and
Taxation.
The
author
holds
a
PhD
Economics (AIU), MBA (ZOU), MSc Economics (UZ) and BSc
(Hons)
Economics
(UZ).
He
is
eager
to
learn
new
things
and
develop
ability
to
conduct
quality
research
in
a
multiple
discipline.A number of his articles is about social economic,such
as
Applicability
of
Keynesian
Ideology
in
the
Zimbabwe's
Economic
Growth
Path
,
A
Comprehensive
Analysis
of
Interaction between Law and Economics.




The article in mainly about economic planning. There are 7
parts of the article which include Introduction, Development of
plans,
Essentials
of
economic
planning,
Assessing
economic
plans,
Why
economic
plans
fail,Ways
to
avoid
failure
of
economic plans, Conclusion besides the abstract and references.

;.
..
In the beginning, Various governments undertake economic
plans but surprisingly, some plans are not followed or something
that is not on the plan happens or there is failure to follow the
plan.
With
time
goes
by,
people
realize
that
how
to
making
a
economic
plan.
According
to
Professor
Dickinson,
economic
planning
is
the
making
of
major
economic
decisions
by
a
determinate authority on the basis of a comprehensive survey of
the economy as a whole.

Then, The process of economic plans

development. Since
the
end
of
World
War
II,
it
has
become
an
accepted
practice
among the governments
of the developing countries to publish
their

development plans.

First and foremost, people have to
know how economic plans are aim is to select a
period
long
enough
to
include
projects
spanning
a
number
of
budget years but not so long as to delay periodic assessment of
the
development
effort
stretching
over
a
series
of
plans.
But
issues that have been raised by citizens today are incorporated in
tomorrow

s
plans.
According
to
Ukertor
(2012),
the
ultimate
aim
of
governments
worldwide
is
to
achieve
sustainable
improvement
in
the
quality
of
life
of
its
citizenry.
Hence,
countries no
matter their size or developmental status
strive to
achieve some level of consistency in development planning and
;.

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