ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Kosygin in Paris

December 17, 1966 Planning enabled this country to attain in the fifties a positive rate of growth, probably for the first time in a century. That the rate declined in the sixties clearly indicates that the start in the fifties was somewhat deceptive; the base had not been properly laid. There was lack of co-ordination all round, execution of some of the key projects had been unduly delayed, many gaps were left uncovered. Too many rigidities had crept in, and procedural complications plagued the disbursement of project aid. All these led to various distortions in the economy which failed in consequence to generate a strong enough momentum which could carry the process of development forward and make it self-reinforcing.

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