The Marshal Plan

         Development Aid is the aid that is given by the government to assist the developing countries in their social, economic and political development.  An example of development aid is the Marshall Plan. After World War II, the European nation faced a lot of financial crisis and so help them the government of the United States of America provided them with technical and economic assistance. Developed countries have made many efforts to assist the needy countries with development, but mostly these projects have failed. Marshall Plan was one of the development aid projects that were successful. Numerous factors fail, for example, corruption, inefficiency and wrong use of technology. Communication barrier between the different cultures can be the main reason for failure. (Williams, 2016)

 The Marshal Plan

When World War II ended, the United Nations (UN) signed a funding charter, in 1945, to assist the European countries that were in trouble due to the war, with development aid. The land was facing severe issues of food and dollar shortage, and it has to put a limitation on military and civil equipment imports. The Relief and Rehabilitation Agency of the United Nations gave urgent aid packages, humanitarian aid to the locals of European countries. But this platform was chaotic, and mismanagement and so did not have a significant impact on the economy as expected. Intra-European exchange was impeded by an absence of external trade and required a global expert prepared to do viable sorting out transfer around the world. The United States, who had the interest of laying down in promoting same such trades so that its exports would increases. So the United States decided to support the economy of Europe through a structured recovery program on a large-scale. Communist expansion fears in the Western side of Europe while the Cold War was unquestionably a critical factor, as significant as the downfall of new industries or markets. In 1947, then Secretary of State, George C. Marshall, the Secretary State, in 1947 gave orders to the United States that whatever can be done should be done to revert the economic downfall to the reasonable stability of the European countries. (Marshall, 1947). The USA Congress in1948 approved this proposal of Marshal. Later in 1952, the United States floated about $13 billion in the technical assistance and economic aid to 16 different European countries which faced the problem. With the period of four years, the gross national product of the European countries increased by 30%. Also, the industrial production raised by 40%.  

Conclusion on of The Marshal Plan

 The Marshall Plan, since it has been existing, it was not just an American program. It was a successful joint venture between Europe and American, a development aid in which along with local resources, US resources were also complimented, assistance in which the all the people with authority worked supportively toward the mutual goals of prosperity and freedom. Marshal Plan was a successful project which led to the sharing of resources and helped in gross national product and industrial product increasing and coming back to its standard rate in European countries. (Jenkins 2002).

References

Williams, V. (2016). ENCYCLOPÆDIA BRITANNICA. Retrieved from Britannia: https://www.britannica.com/topic/foreign-aid