24. 7. 2025
And this brings me to what I referred to earlier as a reaffirmation of my views on the basic problem confronting the underdeveloped countries. The principal insights, which must not be obscured by matters of secondary or tertiary importance, are two. The first is that, if what is sought is rapid economic development, comprehensive economic planning is indispensable… if the increase in a country’s aggregate output is to attain the magnitude, of, say, 8 to 10 per cent per annum; if in order to achieve it, the mode of utilization of a nation’s human and material resources is to be radically changed, with certain less productive lines of economic activity abandoned and other more rewarding ones taken up; then only a deliberate, long range planning effort can assure the attainment of the goal…
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