The Third Five-Year Plan, begun in 1938, produced poorer results because of a sudden shift of emphasis to armaments production in response to the worsening international climate. All in all, however, the Soviet economy had become industrialized by the end of the 1930s.
Third plan, 1938–1941
The first two years of the third five-year plan proved to be even more of a disappointment in terms of proclaimed production goals. Still, a reported 12% to 13% rate of annual industrial growth was attained in the Soviet Union during the 1930s.
The Third Five Year Plan had 2 main successes: ❖ Heavy industry grew. ❖ Defence and armaments grew quickly as one-third of investment was spent on them. This was the basis of a very strong armaments industry which was used during the Cold War.
The failure was caused by Chinese aggression toward India as well as a dispute with Pakistan. Moreover, weak monsoon rains during 1964-65 as well as 1965-66, and poor coordination between federal and state administrations also contributed to the failure of the 3rd five-year plan.
The Sixth Five-Year Plan was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%.
Fourth Five Year Plan:
This plan was a failure and achieved a growth rate of 3.3% only against the target of 5.7%. The liberation of Bangladesh and Influx of Bangladeshi refugees and successive failures of monsoon are the few problems that made this plan a failure.
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.
The Third Five Year Plan (1961-1966) of the Economic Development of India is also popularly called “Gadgil Yojna”. This economic planning was established to increase the income level of the Indian population by 100 percent taking into consideration the estimated population growth in the next 15 years.
Five-Year Plans are plans that focused on the economic development of India. Out of the 12 Five-Year Plans that were implemented, seven failed to achieve their target. The reasons for this failure include shortage of resources and faulty implementation of plans.
One of the main objectives of five year plans has been to minimise inequality in distribution of income and wealth. But the plan witnessed only increase in inequality. Rich Class becomes richer and poor class poorer. This inequality is found not only in industrial sector but in agriculture sector also.
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 third Five-Year Plan (1938–42) emphasized the production of armaments. The fourth (1946–53) again stressed heavy industry and military buildup, angering the Western powers. In China the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful.
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).
This caused a major famine in the countryside (1932–33) and the deaths of millions of peasants. Despite these great costs, the forced collectivization achieved the final establishment of Soviet power in the countryside.
The Plan resulted in radical measures that forced farmers to give up their land and their livestock. Many people were reduced to extreme poverty and famine became widespread. Terror, violence, and fear replaced the initial optimism about the Plan.
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 ...
Under the Second Five-Year Plan (1933-37), the state devoted attention to consumer goods, and the factories built during the first plan helped increase industrial output in general. By the late 1930s, however, collectivized farms were performing somewhat better (after reaching a nadir during the period 1931-34).
The Plan was overall a great success: The national economy maintained a stable rate of growth. The average annual growth rate for industrial and agricultural products was 11%.
Planning attempts fail when they are not integrated into the day-to-day operations of the organization. Also, strategic plans without an implementation strategy are unlikely to be used. Sometimes planning fails because there is poor understanding. about the problem at hand & the planning steps or planning concepts.
What was the main drawback of Stalin's Five-Year Plans? They limited the production of consumer goods. What is the overall goal of indoctrination and propaganda?
The third five-year plan (1981–85) was more modest in its objectives. Emphasis was placed on agricultural development and the promotion of consumer goods, with industrial development in the background.
period 1953–57, corresponding to the First Five-Year Plan, was the beginning of China's rapid industrialization, and it is still regarded as having been enormously successful. A strong central governmental apparatus proved able to channel scarce resources into the rapid development of heavy industry.
The First Five Year Plan was a success in terms of industrial production. Coal outputs increased by 98% and the overall annual growth rate for the Chinese economy was 16%.
Five-year plans were designed and implemented until the dissolution of the USSR in 1991. Some of them took less than five years to complete while one was abandoned because unrealistic targets were adopted. For the second Five-Year Plan, Russia continued its focus on industrial growth.
According to me, the Five-Year plans were not the best way to move the Soviet economy forward. Although the plans were more or less successful in meeting the goals that they set out and increased both industrial and agricultural output, we cannot ignore how they achieved those goals.