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The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures. [3] The Marshall Plan aid was divided among the participant states roughly on a per capita basis.
The investment of these funds can take the form of loans rather than grants, creating a permanent pool of investment capital. For instance, Germany's Marshall Plan counterpart funds were used to set up such an investment fund, and it is still in operation today.
Gore states: "The model of the Marshall Plan can be of great help. For example, a Global Marshall Plan must focus on strategic goals and emphasize actions and programs that are likely to remove the bottlenecks presently inhibiting the healthy functioning of the global economy. The new global economy must be an inclusive system that does not ...
As the world strives to avert a larger humanitarian catastrophe in earthquake-stricken Haiti, all resources and immediate attention first must be dedicated to saving as many lives as possible. But ...
After witnessing the misery in Gaza, physician Zaher Sahloul calls for a massive, international rebuilding effort there on par with the post-WWII Marshall Plan. Opinion: Half measures won’t work ...
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George C. Marshall. On 5 June 1947, George C. Marshall, at the time Secretary of State of the United States of America, gave an address at Harvard University in Cambridge, Massachusetts, where he proposed a plan to aid European recovery after the events of World War II, in the form of financial and economic assistance from the United States.
The Economic Cooperation Administration (ECA) was a U.S. government agency set up in 1948 to administer the Marshall Plan. It reported to both the State Department and the Department of Commerce. The agency's first head was Paul G. Hoffman, a former leader of car manufacturer Studebaker; he was succeeded by William Chapman Foster in 1950. [1]