No single system of development can accommodate all variations of the economic, social, and political environments in developing economies. The authors analyze the changing role of the public sector in promoting socioeconomic development. They concentrate their study on the three major issues of macroeconomic management in development planning: market mechanisms, financial management and enterprise management, and the transfer and development of technology. Planning practitioners and scholars and students of economic development will find this book provides important theoretical insights, as well as the experiences of various countries in managing their economic progress.