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World Economic Survey 1966

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Part one: Implementation of Development Plans: Problems and Experience, offers a series of papers dealing with problems and experience in the implementation of development plans. The subject of plan implementation has figured prominently in recent discussions in international forums. The Survey reviews certain aspects of the experience of the centrally planned economies that may be relevant to the problems of plan implementation in developing countries. Part two: Current Economic Developments, covers the economic events of 1966 and early 1967, summarizing the principal developments in the world economies, including trade and production in all major regions, as well as institutional changes in the centrally planned countries. Furthermore, the Survey analyses the specific difficulties currently faced by developing countries.

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Summary

Though the methods of planning and of plan implementation adopted in the centrally planned economies were closely related to political and social conditions prevailing in those countries, some aspects have relevance to the problems of planning in countries with different economic and social systems. Until recently, hardly any transfer of experience was possible in plan implementation, since in the centrally planned economies this was largely achieved through administrative order. The changes in methods of plan implementation currently taking place in the centrally planned economies, involving as they do increasing reliance on market forces and genral economic incentives, are tending, however, to enlarge the area of oommon interest amongst countries despite differences in their economic and social systems.

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