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Five-Year Plans

Five-Year Plans are economic development tools that have been used mostly by centrally planned economies, such as those of the U.S.S.R. and China.

How It's Used

“Remarkably, FAVI has thrived in, of all places, France—a country Mr. Zobrist describes as the ‘last Soviet Republic.’ In a country obsessed with centralization, and that still produces five-year plans, Mr. Zobrist has pushed control down to the front lines, where it does the most good.”

—Brian M. Carney, “Workers of Europe Innovate,” The Wall Street Journal, July 25, 2005, p. A15.

“As he opened the conference, Chun-Li Bai, the executive vice president of the Chinese Academy of Sciences, stressed that basic scientific research had a 'high visibility' in the most recent of China's five-year plans. 'The next 50 years will be of beauty for the development of Chinese science and technology, as well as economic development,' he said.”

—Dennis Overbye, “Hawking Takes Beijing; Now Will Science Follow?The New York Times, June 20, 2006.

Links

Beyond eAlmanac
Wikipedia listing of articles on various countries five-year plans

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