Planning in Mixed Developing Economies
Most development plans have been formulated and carried out within the
framework of the mixed economies of the developing world. These economies
are characterized by the existence of an institutional setting in which some of
the productive resources are privately owned and operated and some are con-trolled by the public sector. The actual proportionate division of public and
private ownership and control varies from country to country, and neither the
private nor the public sector can really be considered in isolation from the
other. However, mixed economies are often distinguished by a substantial
amount of government ownership and control. The private sector in develop-ing countries typically comprises four traditional forms of private ownership
and a more recent emerging one:
1. The subsistence sector, consisting of small-scale private farms and handi-craft shops selling a part of their production to local markets
2. Small-scale individual or family-owned commercial business and service
activities in the formal and informal urban sectors