five-year plan

(redirected from Five-Year Plans)
Also found in: Dictionary, Encyclopedia.

Five-Year Plan

A multiyear plan for economic development prepared by a government. For example, a five-year plan may state the methods and the amount of development that should be experienced by the industrial sector by the end of the plan. Five-year plans were introduced in the Soviet Union and were adopted by most other 20th-century communist states. For that reason, the term is associated with command economies.

five-year plan

see NATIONAL PLAN.
Mentioned in ?
References in periodicals archive ?
It is worth mentioning that the 9 th five-year plan (2016-2020) is the last in a series of five-year plans leading to Vision 2020.
Helen Jones slammed the agency after it sent out a letter explaining its five-year plan.
The Secretariat General of the Supreme Council of Planning (SCP) met yesterday under the chairmanship of Sultan bin Salim bin Said al Habsi, SCP Secretary-General, in the presence of a number of under-secretaries and governors to discuss preparations for the Ninth Five-Year Plan (2016-2020).
Pragmatic expectations and lingering uncertainties As Reading the Tea Leaves emphasizes, understanding China's Five-Year Plans is often more art than science, requiring a sensitivity to where party, state, and nation have been to feel out where they're headed.
Five-year plans can be used as a helpful tool to motivate and provide insight to a main goal, but should not be used to make important decisions; nobody can see that far into the future.
Instead, recent five-year plans have become instruments for forming a consensus for action as opposed to promulgating what amounted to the rule of law in China's economic arena.
He warned that the five-year plan must be approved by Governor Pataki and Mayor Rudolph W.
David Shearer takes a wider look at the vital sector of machine-building factories to explore how the first two five-year plans changed the structure of work and management.
The federal plan provides somewhat limited benefits and choices--for instance, only three- and five-year plans are available, Anderson pointed out.
There is a cure period to resolve differences if the oversight board rejects either or both of the one-year and five-year plans.