The Five-Year Plans (simplified Chinese: 五年计划; traditional Chinese: 五年計劃; pinyin: Wǔnián Jìhuà) are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China.
A series of nationwide centralized economic development initiatives, originated in the Soviet Union in 1928 and later adopted by many other countries with high degrees of centralized economic planning, e.g. Nazi Germany, India, China, and socialist countries of Eastern Europe.
The Soviet Union entered a series of five-year plans which began in 1928 under the rule of Joseph Stalin. Stalin launched what would later be referred to as a "revolution from above" to improve the Soviet Union's domestic policy.
The correct answer is Eleventh plan.
In China the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful.
The plan did not hit its targets because the quotas were unrealistic for such a short period of time, some of these quotas were not met for years to come. There were no goals set for the plan, even if a quota was met, it was increased giving the plan no chance to succeed.
In 1953, Mao launched China's First Five Year Plan, which was primarily based on keeping foreign imports to a minimum and rapidly increasing the outputs of heavy industry. Agricultural outputs were used to feed the urban population and support industrial growth. Steel was a core target for development.
This indicated a miserable failure of the Third Plan, and the government had to declare "Plan Holidays" (1966-67, 1967-68, and 1968-69). The Sino-Indian War and the Indo-Pak War, which caused the Third Five Year Plan to fail, were the primary causes of the plan holidays.
In the Soviet Union the first Five-Year Plan (1928–32), implemented by Joseph Stalin, concentrated on developing heavy industry and collectivizing agriculture, at the cost of a drastic fall in consumer goods.
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The first five year plan was created in order to initiate rapid and large-scale industrialization across the Union of Soviet Socialist Republics (USSR). Having begun on October 1st, 1928, the plan was already in its second year when Harry Byers first set foot in the Soviet Union.
The primary goal of the plan was to turn the Soviet Union from a mostly agricultural into an industrialized country. The secondary goal was collectivization of agriculture which was supposed to aid in industrialization. One of the reasons for the plan's launch in 1928 was the grain shortage of 1927-1928.
By 1952, industrial production was nearly double the 1941 level ("five-year plans"). Stalin's five-year plans helped transform the Soviet Union from an untrained society of peasants to an advanced industrial economy.
China's first Five-Year Plan was successful in increasing the country's economic growth and expanding key industries, including iron, steel and coal production and machine building. It also initiated China's shift towards a socialism. Industrial production increased at an average annual rate of 19% between 1952-1957.
The First Five-Year Plan was declared a success by Stalin in 1932, about 10 months earlier than planned, having exceeded the production goals for heavy industry. In spite of these declarations of success, the plan failed to meet all the quotas and had an enormous human toll.
The “14th Five-Year Plan” period is an important period of opportunity for innovation and leading high-quality development; we must accelerate the building of a digital China, forcefully develop the digital economy, promote the upgrading of the industrial base and the modernization of industry chains, promote the ...
The purposes of the Five-Year Plan, as set forth by responsible officials at Moscow, are the creation of a more adequate industrial development in an industrially backward country and the introduction of more efficient methods of agriculture, including large-scale, highly mechanized farming on coöperative lines.
In all, there were thirteen Soviet five-year plans. The first ran from the autumn of 1928 to 1933; at that time the accounting year began in October with the end of the harvest. The third plan (1938-1942) was interrupted in mid-1941 by World War II. Five-year planning began again with the fourth (1946-1960).
Third Five Year Plan was a failure due to India-China war followed by Indo-Pakistan. Third Five Year Plan (1961-66) aimed to make India's economy 'self-reliant' and 'self-generating'. It has faced a lot of political and economic crisis.
Second Five Year Plan (1956 – 1961)
The Second Five Year Plan revolved around the idea of developing the public sector and rapid industrialisation. The plan was allocated nearly 50 billion rupees in various fields to achieve targets. The scale of production and the production method was given a push for good.
The Zia government accorded more importance to planning. The Fifth Five-Year Plan (1978–83) was an attempt to stabilise the economy and improve the standard of living of the poorest segment of the population.
During the 13th Five-Year Plan period, China rolled out a slew of measures to address people's concerns: More than 60 million new urban jobs were created; over 50 million urban residents moved from unsuitable housing to new homes; nearly 30 million elderly people were provided with old-age care subsidies; and in the ...
Millions of people died in China during the Great Leap, with estimates ranging from 15 to 55 million, making the Great Chinese Famine the largest or second-largest famine in human history.
Three aims of Stalin's five-year plans were to build up heavy industry, improve transportation, and increase farm production.