'''Economic planning''' is a term used to describe the long term plans of an incumbent government to co-ordinate and develop the economy. Economic planning is commonly a feature of [[big government]] as it usually involves increased spending on things such as public work schemes and government programs.
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'''Economic planning''' is a term used to describe the long term plans of an incumbent government to co-ordinate and develop the economy. Economic planning is a common feature of [[big government]] as it usually involves increased spending on things such as government programs and public work schemes.
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Given the economic woes due to the collapse of international trade on a vast scale in the early 1930s caused by tariff restrictions severally among [[nation state]]s, economic planning became quite fashionable as a solution among what became the belligerent powers of [[World War II]].
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Given the economic woes of the collapse of international trade on a wide scale caused by [[protectionism]] and tariff restrictions by [[nation state]]s in the early 1930s, by the end of the decade economic planning became quite fashionable among all belligerent powers of [[World War II]].