five-year plans
Half-decade blueprints
Five-year plans are comprehensive economic development strategies covering a five-year period.
The term most commonly refers to the centralized planning system pioneered by the Soviet Union under Stalin in 1928, which set production quotas and targets for industry and agriculture.
Other communist states adopted similar approaches.
More casually, a five-year plan is any medium-term personal or professional goal: What's your five-year plan after graduation? (Capitalized Five-Year Plans typically refers specifically to Soviet economic policy.)
- Soviet UnionFormer communist superstate
- central planningGovernment directs all production
- Great Leap ForwardFailed rapid industrialization campaign
- command economyState-controlled economic system
- goalsIntended end results
targets · milestones · objectives · long-term goals · life goals · roadmap · timeline · career · career path · development · graduation · planning · aspirations · vision statement · strategy · professional development · production targets · reform
- communismMarx, Marxism, Leninism, Lenin, proletariat
- public policypolicy making, policy reform, economic policy, policy recommendations, education policy
- socialismMarxism, communism, proletariat, bourgeoisie, communal ownership
- Soviet EraUSSR, Soviet Union, Soviet rule, CCCP, Eastern Bloc
- Soviet HistorySoviet Union, USSR, CCCP, Stalin, Kremlin
- Soviet lifecommunal apartments, communal living, collective farms, Pravda, May Day
five-year plansannual budgets
Yearly financial spending outlines
short-term goals · short-term planning · day-to-day operations · monthly goals · snap decisions
five-year planslaissez-faire economics
Minimal state economic involvement
market economy · invisible hand · neoliberalism · free enterprise · supply and demand
five-year plansmarket signals
Information from trading activity
spontaneous order · improvisation · organic growth · agile methodology · spontaneity