A soon-to-be-disbanded top government advisory panel issued a report Monday reflecting on its failure to quickly deal with major economic changes such as the information technology boom and the collapse of the asset-price bubble that depressed the economy through the 1990s.

The panel, formed in 1952, has been responsible for recommending some 14 key economic plans, including the income-doubling plan in 1960 and the five-year economic plan in 1992.

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