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Problem
Failure of centrally planned economies
Experimental visualization of narrower problems
Broader Problems:
Inadequate economic policy-making
Inadequate models of socio-economic development
Narrower Problems:
Over-centralization
Sectoral imbalances
Inadequate manpower planning
Shortage of entrepreneurial ability
Structural rigidity in national economies
Unbridled economic competition in communist systems
Abuse of monopoly power of state-owned or state-controlled enterprises
Related Problems:
Communism
Lack of coordination
Fragmentation of communist parties
Inappropriate industrialization in developing countries
Aggravates:
Underground economy
Decreasing consumer choice
Long-term shortage of manufactured goods
Reduced By:
Absence of long-term economic planning agencies
Strategies:
Using centrally planned economies
References:
Blanchard, Oliver, et al: Post-Communist Reform: pain and progress
Bennett, Robert J: Local Government and Market Decentralization: experiences in industrialized, developing, and former Eastern bloc countries
Subject(s):
Economics
→
Economy
Metapolitics
→
Political theories
Societal Problems
→
Failure
Related UN Sustainable Development Goals:
Problem Type:
C: Cross-sectoral problems
Date of last update
04.10.2020 – 22:48 CEST