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The largest success of the first five-year plan, however, was the Soviet Union beginning its journey to become an economic and industrial superpower. [52] Stalin declared the plan a success at the beginning of 1933, noting the creation of several heavy industries where none had existed, [ 53 ] and that the plan was fulfilled in four years and ...
Because of the success made by the first plan, Stalin did not hesitate with going ahead with the second five-year plan in 1932, although the official start date for the plan was 1933. The second five-year plan gave heavy industry top priority, putting the Soviet Union not far behind Germany as one of the major steel-producing countries of the ...
[5]: 18 In terms of economic growth, the First Five-Year Plan was quite successful, especially in those areas emphasized by the Soviet-style development strategy. [7]: 40 During this Plan period, China began developing a heavy-industrial base and brought its industrial production above what it had been prior to war.
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.
If the growth rates of industrial production originally set in terms of were 18–20%, by the end of the year they were doubled. Western and Russian researchers argue that despite the report on the successful implementation of the first five-year plan, the statistics were falsified, [38] [44] and none of the goals were achieved even closely. [45]
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 ...
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 ...
Although Pakistan didn't officially launch a First Five-Year Plan, it embarked on various development initiatives during this period. The key focus areas included agriculture, industries, and infrastructure development. At the time of partition of British India by the United Kingdom, Pakistan was a relatively under-developed country. [6]