International Aid to Southern Europe in the Early Post-War Period: the Cases of Greece and Italy

Dimitri A. Sotiropoulos

No wp-2013-116, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: After the Second World War, both Greece and Italy experienced a Left-Right political polarization and a reproduction of earlier patterns of political patronage. Both Italy and Greece received international aid, including emergency relief, interim loans, and Marshall Plan funds. By the beginning of the 1950s, the Italian economy had recovered better from war destruction and had achieved industrial growth faster than Greece.

Keywords: Economic assistance and foreign aid; Economic development; Economic growth; Structural adjustment (Economic policy); Foreign loans; Macroeconomics (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2013-116

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