Question 41
Economic Growth and DevelopmentOne of the major criticisms of the 1962-1968 National Development Plan was that
- A.it failed to incorporate lessons gained from earlier plans to enhance its efficiency
- B.it came too quickly after the country's independence
- C.planned expenditure was based too heavily on expected earnings from crude oil
- D.its execution was based largely on foreign sourced financial resources
Show the answer and explanation
Answer: D (its execution was based largely on foreign sourced financial resources)
Explanation
The first national plan depended heavily on foreign aid and loans (about half its finance), which did not all come.