ECONOMIC PLANNING IN

BANGLADESH
Dr M. Mizanur Rahman
Professor
Faculty of Business & Economics
E-mail: dr.mizan@daffodilvarsity.edu.bd

ECONOMIC PLANNING IN
BANGLADESH
Economic Plan: Economic planning may be

described as a deliberate governmental attempts

to coordinate economic decision making over the
short or long term and to influence, direct, and
some cases even control the level and growth of
a nations principal economic variables (income,
consumption, employment, savings, export,
import etc in order to achieve a predetermined
set of development objectives.
In short, we can say that setting goals and
influencing economic variables to gain the goals
may be called economic planning.

Development Plan
Development Plan: When the main goal of the
economic plan is socio-economic development, then
it is recognized as development plan. In another way
we can say that making plan to gain the
predetermined goals of per capita income,
employment, living standard and poverty alleviation
through accumulation and best utilization of
resources is called development planning.
Variables of Plan: Income, consumption, employment,
investment, savings, export, import etc.
Components of the Plan: A plan must include in the
following: [1] Setting a goal and a specified time
period;
[2] Strategy to accumulate required resources;
[3] Strategy to use the resources efficiency and
productively; [4] Investigation and contingency plan.

Types of Planning

[1] Central and Democratic Planning;

[2] Comprehensive and Partial Planning;
[3] Physical and Financial Planning;
[4] Structural and Improvement Planning;
[5] Centralized and Decentralized Planning;
[6] Regional, national, international,
transnational and global planning;

Based on time period, the may be different

types:
[A] Short-Term Planning: 1-5 years;
[B] Long-Term Planning: 15-20 Years.

Need for Planning

Planning is important for different reasons:

[1] Imperfection of Market Structure;
[2] Scarcity of Savings and Investment;
[3] Non-Monetized Sector;
[4] To Build Socio-Economic Infrastructure;
[5] Setting up Heavy Industry;
[6] For Rapid and Sustainable Development;
[7] Equitable Distribution of Income and Poverty
Alleviation;
[8] Proper Utilization of Scarce Natural and Human
Resources;
[9] To gain economic Stability via BOP Improvement;
[10] Introduction to Mixed Economy.

 Economic Planning in Bangladesh in

Periods:
First Five Year Plan [2001-2005]
Two Year Plan [2007-2008]..
Fifth Five Year Plan [2001-2005]