Evaluating Planning Perspective with respect to Stages of Economic Development

Technological advancement has indeed been a primary driver of socio-economic and spatial development across the globe, fundamentally reshaping human civilization. Technological advancement, mainly in the form of Agricultural Revolution, Industrial Revolution and Information Technology Revolution has shaped Economic Development at a wider extent and has given new perspective to civilization. These advancements have posed major challenges in front of Planners as they require to be addressed and need to be incorporated in evolving Planning Perspective. Economic Development resulting due to such technological advancement can be categorized mainly in three stages - First Stage of Economic Development as a Pre-industrial Stage dominated by Agricultural Revolution, Second Stage of Economic Development as an Industrial Stage dominated by Industrial Revolution and Third Stage of Economic Development as a Post-industrial Stage dominated by Information Technology Revolution. Many theories have been proposed considering these stages of Economic Development. Planning is a continuous and multifaceted process as it considers various aspects and is being defined and redefined with every advancement in Economic Development. In this research paper, evaluation of some relevant theories has been carried out with respect to these stages of Economic Development considering social, economic, and spatial aspects of society or country to understand evolving Planning Perspective.