Development Planning in under developed countries

Abstract

Economic development of an underdeveloped country implies changes in its industrial structure due to the different rates of growth in various industries. The first step in development programming should be to determine the general rate of economic development the country seeks to attain and thus formulate a set of ecomomic targets as a framework for the further stages in programming. The various key sectors which are of prime importance to the economy are then selected and projects are designed for the expansion of these key sectors. The author has shown in this paper how linear programming technique can be used to analyse the various project proposals and to select the projects to achieve the desired objective within the imposed limitations.