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Priorities for Development and Allocation of Resources

In: The Economic Development of Bangladesh within a Socialist Framework

Author

Listed:
  • Mohiuddin Alamgir

    (Bangladesh Institute of Development Economics)

Abstract

Since the impact of growth brings about changes in the relationships among economic and institutional variables, planning is necessary to bring order into the chaos that is created by the unco-ordinated growth of these variables. The most important function of planning is to bring about the harmonisation of a large number of socioeconomic variables moving in different directions pursuing their own targets, which are sometimes in conflict with one another. The task of the planner has to be geared towards attaining this objective. However, planning defined as the process of preparing a set of decisions for future action pertaining to social and economic development along a prescribed course, has some uncertainty associated with it.

Suggested Citation

  • Mohiuddin Alamgir, 1974. "Priorities for Development and Allocation of Resources," International Economic Association Series, in: E. A. G. Robinson & Keith Griffin (ed.), The Economic Development of Bangladesh within a Socialist Framework, chapter 3, pages 27-66, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-02363-9_3
    DOI: 10.1007/978-1-349-02363-9_3
    as

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