Post-war reconstruction of european countries (Marshall Plan): the role of international economic cooperation
DOI:
https://doi.org/10.31558/2307-2318.2024.2.10Keywords:
post-war recovery, Marshall Plan, restructuring, European countries, international economic cooperation, economic crisisAbstract
The article is devoted to a comprehensive analysis of the post-war reconstruction of European countries in the context of the Marshall Plan, with an emphasis on assessing its economic efficiency and the role of international economic cooperation. The study highlights the main goals and objectives of the Marshall Plan, including the restoration of cities and villages, reconstruction of industrial and agricultural production, infrastructure development, financial stabilisation and elimination of trade barriers. Particular attention is paid to the non-financial aspects of the Programme, including the initiation of integration processes and the introduction of market policies in the recipient countries. Based on the analysis, the article offers recommendations for the current practice of international economic assistance and cooperation, including hybrid financing models, domestic and international economic policy development, human capital development, digital transformation, effective economic strategies, prevention of monopolisation and fight against corruption. Thus, the article analyses the valuable lessons of the Marshall Plan implementation and emphasises the importance of international economic cooperation and innovative approaches to addressing modern economic challenges.
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