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Europe
The Versilles Treaty The Versilles Threaty was basically an early IMF, with unpayable debts and austerity measures (this time at least including the military) being forced on Germany. The result was a depression that allowed the rise of Nazism. But Europeans already had skills, while the third world does not The Marshall plan did not only help skilled Europeans. Among the ten examples of aid on the Marshal Foundation web site are projects in North Borneo and Tunisia. Indonesia (Dutch East Indies) recieved $101.4 million. The Marshall plan also provided training, over 3,000 Europeans made six-month visits to US industries. There was a similar project for agriculture. So in short, the Marshall plan could still work today. Neoism When neosim arrived, (especially in Britain under Thatcher) things went downhill. From 1983 to 1988, low-pay part-time jobs grew 27.7 percent while full-time jobs increased only 2.4 percent.
Germany Like Japan, Germany had to develop from ruins. Like Japan it quickly went from rags to riches. Holland Britain They did not abolish the protectionist "Corn Laws" until as late as 1846 The "Navigation Acts" created many British monopolies. Land enclosure ruthlessly forced farmers to become industrial workers. Italy Tunisia |
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