Central planning

Definition and stakes

Donald W. Bernier,  Area Handbook for Romania

“ Planning is conceived of as an indispensable tool for economic development. Traditionally, five-year and annual plans for all segments and aspects of the economy have been formulated by a central planning agency with the participation of economic ministries, trusts, and enterprises. Planning has proceeded from broadly defined goals set by the PCR to minute instructions for all economic enterprises. In line with the established priorities, the main planning effort has been devoted to industry. ”
Source: Gutenberg

United States. Central Intelligence Agency,  CIA World Fact Book, 2004 — Armenia (2004)

“ Economy Armenia Economy - overview: Under the old Soviet central planning system, Armenia had developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Since the implosion of the USSR in December 1991, Armenia has switched to small-scale agriculture away from the large agroindustrial complexes of the Soviet era. ”
Source: Wikisource

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