The Marshall Plan

Lessons Learned for the 21st Century

image of The Marshall Plan

This book examines the historical, diplomatic, economic, and strategic aspects of the European Recovery Program (ERP) - popularly known as the Marshall Plan - which brought Europe out of the chaos, hunger, poverty, desperation, and ashes of World War II. In it, authors from a variety of countries who are scholars, policy makers, and business leaders,  address applications of the Marshall Plan’s lessons learned to the 21st century for capacity building, human and sustainable development, and the role of public, private partnerships in emerging market economies and democratic societies.


Part I. History, Diplomacy, Democracy and Development

The Marshall Plan, officially called European Recovery Program (ERP), was in place from April 1948 to September 1951. Most contemporary actors considered that it played an essential role in the economic successes of postwar Western Europe. The various European programs of modernization greatly benefited from the ERP, since it financed imports essential to reconstruction and modernization. It produced counterparts in European currencies, the allocation of which needs to be clarified, and generated a debate on their use. Moreover, the Marshall Plan was at the origin of the Organisation for European Economic Co-operation (OEEC), created to encourage European unity. The Marshall Plan was a political tool in the hands of the American administration in the context of the Cold War and the defense of the West.


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