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First five-year plan may refer to: First five-year plan (China) First Five-Year Plans (Pakistan) First five-year plan (Soviet Union) See also.
The first five-year plan (Russian: I пятилетний план, первая пятилетка) of the Union of Soviet Socialist Republics (USSR) was a list of economic goals, implemented by Communist Party General Secretary Joseph Stalin, based on his policy of socialism in one country.
The First Five-year Plan was launched in 1951 which mainly focused in the development of the primary sector. The First Five-Year Plan was based on the Harrod–Domar model with few modifications. This five-year plan's president was Jawaharlal Nehru and Gulzarilal Nanda was the vice-president. The motto of the First Five-Year Plan was ...
Stalin announced the start of the first five-year plan for industrialization on October 1, 1928, and it lasted until December 31, 1932. Stalin described it as a new revolution from above. [12] When this plan began, the USSR was fifth in industrialization, and with the first five-year plan moved up to second, with only the United States in first ...
The economic development planning began in 1948 when Prime minister Liaquat Ali Khan presented the first Five-Year plans at the parliament of Pakistan on 8 July 1948. The first plan was conceived by the Ministry of Finance (MoF), and were studied and developed by the Economic Coordination Committee (ECC) based on the theory of Cost-of ...
The First Five-Year Plan was deeply influenced by Soviet methodologies and assistance from Soviet planners. [ 2 ] : 68–69 Compared to the Soviet planning method, however, the Plan had less centralized planning with regard to consumer goods and regional planning authorities had greater authority.
The First Five-Year Plan(1956–61) allocated Rs330 million for development expenditures of which Rs220 million were funded by international donors, partly under the Colombo Plan. [2] Transportation received top priority with almost 30% of the budget allocation but rural development, including agriculture, village development, irrigation and ...
Stalin's first five-year plan, adopted by the party in 1928, called for rapid industrialization of the economy. With the greatest share of investment put into heavy industry, widespread shortages of consumer goods occurred while the urban labour force was also increasing.