Originally published in 1966, this book was written at a time when economists realized that rapid growth in developing nations could not be achieved without comprehensive planning and that no economy could be left to grow of its own accord without the danger of major fluctuations in economic activity and long periods of stagnation. Written by a team of academic economists who combined specialized knowledge of the theory of economic growth with world-wide experience of its practical applications, this volume provides an intelligent analysis of the problems of economic growth which faced nations that had embarked on the planning of their economies such as the UK, India, Ghana, Sierra Leone and New Zealand.