Marshall Plan is implemented in many poor African
countries, this world would be a better place.
The Marshall Plan is economic assistance provided by the United
States to countries devastated by World War II in 1947 - 1951. The aim of which
was to rebuild the economic strength of countries in Europe after World War II
was over. The distribution of Marshall Plan assistance was not only for
European countries but also Asian countries that were affected by World War II.
Thus, from an economic point of view, the foreign policy of the United States
in implementing the Marshall Plan program is a policy made by taking into
account changes in the market due to changes in the international monetary
system, especially changes in the European region. The collapse of the
international monetary system in the period between the two World Wars resulted
in the breakdown of the free market mechanism and a decrease in the volume of
international trade. The decline in the volume of international trade in
Western Europe led to a decrease in the volume of exports of the United States
to the region.
The implementation of this plan is highly relevant to accelerating
economic development in this predominantly poor African country. This aims to
reduce social inequality between countries so that their economic growth is not
left behind with other countries. For example, the German state plans to use
public funds to support companies investing in Africa. It is part of a new
“Marshall Plan” assistance program that is expected to address the roots of the
refugee crisis that has dominated European politics since 2015. Its aim is to
introduce a scheme from the 1980s that makes it easier for companies to reduce
investment losses in Africa and reduce the risk of initial investment. . In
addition, Development Minister Gers Mueller also said that he would encourage
the formulation of regulations for African investment in order to obtain more
favorable tax treatment. With this example, it is clear that the implementation
of the Marshall Plan policy is very helpful for advancing countries that are
lagging behind so that their economic growth can be stable.
Thus, I think I agree with the statment. because the implementation
of the Marshall Plan policy is very beneficial for a country. Especially in the
sector of improving the economy so that underdeveloped countries such as
African countries will no longer have social disparities and make countries
around the world better at stabilizing their country's income.
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