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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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'''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 works projects.  
    
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]].
 
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]].
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