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TOWARD MORE EFFECTIVE ECONOMIC PLANNING IN DEVELOPING NATIONS: AN APPLICATION OF THE DELPHI APPROACH
Abstract
The need for information in planning and policy formulation is extremely important. All countries, no matter developed or underdeveloped, need information about basic resources to find out what is going on in the economy and plan effectively. Unfortunately, planning in most developing countries is severely handicapped by the lack of dependable data in sufficient quantity. Most planners are not prepared to wait or postpone economic activities until inadequacies in data are overcome. The collection of reliable statistics in quantity is a task which takes a long time. In the search for alternatives, developing countries have a duty to familiarize themselves with available techniques and systems. The Delphi Method which systematically makes use of expert opinions in generating data can be a good alternative. This study is a comprehensive and definitive examination of the use of Delphi method in planning and policy issues in developing nations. It develops the thesis that Delphi could be useful in areas such as health, education, agriculture, industry as a planning tool for gathering information and policy formulation. This experiment involved forty University of Nebraska-Lincoln students from four different countries, namely, Pakistan, Iran, Korea and the United States. They were asked to answer and score lists of questions that they considered important to the economic development of their respective countries. This experiment and study was designed to examine the feasibility and usefulness of employing Delphi techniques to economic related issues in developing countries. The experiment consisted of three Delphi rounds. The overall aim was to explore how groups will use incomplete information to arrive at factual conclusions. The Delphi results suggest that, even in the absence of statistics, it is possible to find experts and other personnel who were sufficiently acquainted with the country, its problems and the relevant aspects of such problems to be able to make a reasonably accurate contribution to an analysis of the situation.
Subject Area
Business community
Recommended Citation
PORDELI, HASSAN, "TOWARD MORE EFFECTIVE ECONOMIC PLANNING IN DEVELOPING NATIONS: AN APPLICATION OF THE DELPHI APPROACH" (1983). ETD collection for University of Nebraska-Lincoln. AAI8328188.
https://digitalcommons.unl.edu/dissertations/AAI8328188