Abstract
Since the impact of growth brings about changes in the relationships among economic and institutional variables, planning is necessary to bring order into the chaos that is created by the unco-ordinated growth of these variables. The most important function of planning is to bring about the harmonisation of a large number of socioeconomic variables moving in different directions pursuing their own targets, which are sometimes in conflict with one another. The task of the planner has to be geared towards attaining this objective. However, planning defined as the process of preparing a set of decisions for future action pertaining to social and economic development along a prescribed course, has some uncertainty associated with it.
The author is grateful to his colleagues Dr S. R. Bose, Mr Kholiquzzaman Ahmad, Mr Atiqur Rahman, Mr S. R. Osmani and Mr Chowdhury Anwaruzzaman for helpful discussion on various aspects of the paper. Mr Osmani has given particular assistance in the collection and presentation of data. Any credit for the paper should be shared by all, although errors and omissions remain the responsibility of the author.
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© 1974 International Economic Association
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Alamgir, M. (1974). Priorities for Development and Allocation of Resources. In: Robinson, E.A.G., Griffin, K. (eds) The Economic Development of Bangladesh within a Socialist Framework. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-02363-9_3
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DOI: https://doi.org/10.1007/978-1-349-02363-9_3
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