Popularity of Planning

In the previous pan we discussed the theory or economic gnomic development has been closely linked with playgirl planning has become a craze in modem times especially in under-developed on developing countries. The idea of planning acquired a tremendous support airier fur end of World War II when advanced but disrupted economies had 10 be web utilitarianism the underdeveloped economies were fired with the ambition of rapid underdevelopment. Syphilis idea was not taken up kindly in some countries by some people. It was rhapsodic to the fact that planning came to he most actively associated wide socialist ominousness. Hatred of socialism was transferred to planning too. But such unseasoned apposition to planning has now almost vanished. On the other. hand remarry bile achievements of Nazi Germany and Soviet Russia popularized the idea of economic punning. Even in capitalist countries, where the economy is governed articulated by mail( wt incentives. planning is being practiced more or  tine economy. Planning has become popular owing to the basic detects of capitalistic er id free enterprise windowing to the realization that unless. a free enterprise economists regulated and controlled. it would not ensure stable

Popularity of Planning

Popularity of Planning

growth or maximize social welfare. That is why about 20 per cent of American economy is planned, because to this extent current resources are controlled and disposed of by the State. Although the distinction between planned and the unplanned economy is there, yet planning has been universally accepted and the planned sector almost everywhere is expanding. For, the under-developed countries, desirous of accelerating development after achieving political freedom. planning is a sine qua lion of progress. As Robbin, says.Planning is the grand panacea of our age. It is no longer a forbidden fruit. To quote Lewis There are no longer any believers in malaise fair except on lunatic fringe. The popularity of planning may be summed up in these words. The change in ideology of the people, their growing social consciousness.

Although both advanced capitalistic countries and the under-developed countries have adopted planning but there is this difference between the two in the farmer it if corrective planning to en urea economic stability, it .the clatter it is developmental planning to scrunch-rapid growth.