Generally, economists have analyzed development planning in developing countries under the following aspects. First, attention has focused on the plan strategies, policies and targets. Special emphasis is often devoted to whether the targets have been or could be achieved over the relevant time periods. Secondly, in recent years attention has been given to the techniques of planning where the methodology is also critically examined and evaluated. In both approaches it is explicitly or implicitly acknowledged that development planning cannot be analyzed and normally evaluated in abstraction from the economies for which they are formulated and that their normative evaluation must be related to the stated goals. Though planners often state categorically that they rely on no single model of economic development in their planning framework and policy approaches, their approaches tend to be selective and one can often identify the models on which they relied most heavily as well as those which they silently rejected or neglected. The purpose of this paper is to analyze the development planning process adopted in Bolivia from 1962 to 1974, including the revision of development plans.