Background of the Five-Year Plan
Aim of State Planning in Russia
Russia will complete its second year under the Soviet Five-Year Plan of economic development on September 30 of this year.1 The plan and its workings have attracted widespread attention among economists, industrialists, and bankers as an attempt, at regulated development on a nation-wide scale in a country of 155,000,000 people covering nearly one-sixth of the earth's surface. Soviet statistics indicate that, as the second year draws to a close, the estimates of the original plan have been generally exceeded. Government authorities in Russia assert that the plan will be substantially fulfilled by the end of the fourth year—September 30, 1932.
The object, of state planning, as adopted in Soviet Russia, is to achieve a balanced economy ...