National Economic Planning

Paper Summary:

The paper explores, extensively, the theoretical basis and practice
of national economic planning and how development fluctuates with a changing economy. The paper continues to explain that no longer can industrial development be couched in terms of location marketing, business attraction and location incentives alone. The new economy demands improvements to basic business climate, selective and disciplined use of incentives, and creative use of support strategies for economic planning. The paper uses the U.S. economy as its model for application of these reforms.
Theoretical Basis and Practice
National Economic Development in Retrospect
Toward the New National Economy
Create a Competitive Climate
Apply Incentives Selectively
Outcome-based Calibration
Rate of Return
Performance Baselines
Smart Modernization Strategies
Industrial Extension
Information Access
Limitations of National Economic Planning
Conclusion

From the Paper:

"THE THEORETICAL BASIS AND PRACTICE of national economic planning and development fluctuates with a changing economy. No longer can industrial development be couched in terms of location marketing, business attraction and location incentives alone. The new economy demands improvements to basic business climate, selective and disciplined use of incentives, and creative use of support strategies for economic planning. In our discussion we are going to apply the U.S. economy as our model."

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