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five year plan
This term is most frequently associated with centrally planned economies, particularly those of the former Soviet Union and modern China. It carries a strong connotation of state-directed economic management and rigid bureaucratic targets, often implying a top-down approach to national development.
In a modern corporate or personal context, the phrase is used more loosely to describe long-term strategic goals. However, when used in a political or geopolitical context, it specifically refers to the formal administrative mechanism of setting quotas and production targets for a fixed five-year window.
Meanings
A government or organizational strategy that outlines economic, social, or developmental goals to be achieved over a period of five years.