A Marshall Plan for the East: Options for 1993

Barry Eichengreen

No 233185, Center for International and Development Economics Research (CIDER) Working Papers from University of California-Berkeley, Department of Economics

Abstract: The economic crisis in Eastern Europe and the former Soviet Union continues to evoke calls for Western assistance. Many observers question, however, whether a new Marshall Plan would be productive today. Answering this question requires first understanding what rendered Marshall aid so effective after World War II. This paper therefore reviews recent research on the effects of the Marshall Plan. It then considers four options for Western assistance to the East: a Marshall Plan on the scale of 1948-51, aid sufficient to fund a social safety net, aid sufficient to establish a multilateral clearing mechanism, and the provision of technical assistance.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 44
Date: 1993-02
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Citations: View citations in EconPapers (22)

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Working Paper: A Marshall Plan for the East: Options for 1993 (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbewp:233185

DOI: 10.22004/ag.econ.233185

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