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The Encyclopedia
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Problem

Failure of centrally planned economies


Experimental visualization of narrower problems
Background:

Centrally planned economies are guided by government rather than the "invisible hand" of the marketplace.

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
Values:
Failure
Unplanned
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:
GOAL 8: Decent Work and Economic GrowthGOAL 16: Peace and Justice Strong Institutions
Problem Type:
C: Cross-sectoral problems
Date of last update
10.07.2019 – 17:38 CEST

About the Encyclopedia

The Encyclopedia of World Problems and Human Potential is a unique, experimental research work of the Union of International Associations. It is currently published as a searchable online platform with profiles of world problems, action strategies, and human values that are interlinked in novel and innovative ways. These connections are based on a range of relationships such as broader and narrower scope, aggravation, relatedness and more. By concentrating on these links and relationships, the Encyclopedia is uniquely positioned to bring focus to the complex and expansive sphere of global issues and their interconnected nature.

The initial content for the Encyclopedia was seeded from UIA’s Yearbook of International Organizations. UIA’s decades of collected data on the enormous variety of association life provided a broad initial perspective on the myriad problems of humanity. Recognizing that international associations are generally confronting world problems and developing action strategies based on particular values, the initial content was based on the descriptions, aims, titles and profiles of international associations.

About UIA

The Union of International Associations (UIA) is a research institute and documentation centre, based in Brussels. It was established in 1907, by Henri la Fontaine (Nobel Peace Prize laureate of 1913), and Paul Otlet, a founding father of what is now called information science.
 

Non-profit, apolitical, independent, and non-governmental in nature, the UIA has been a pioneer in the research, monitoring and provision of information on international organizations, international associations and their global challenges since 1907.

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