The Relevance of Marshall Plan Today

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Author	Guszt�v B�ger
ISSN	2307-2466
On Pages	486-492
Volume No.	2
Issue No.	7
Issue Date	December 01, 2020
Publishing Date	December 01, 2020
Keywords	Crisis management, Central and Eastern Europe, Greece, Marshall Plan, global coordination

Abstract

It is up to us the economists, to provide an institutional framework which would establish new balances between rational expectations for both production and employment, for financial consolidation and efficient crisis management. This is why the paper examines the relevance of a Marshall Plan-type response today in Europe. It suggests how the application of this approach, concepts and methodology could benefit the Central and Eastern European countries as region despite the fact there are many differences in their economies, but there are more homogeneous problems in that area. The second proposal in the paper is that weak countries such as Greece should use the methodology of the Marshall Plan with the help of the EU. Greece needs real structural transformations with the help of the Marshall Plan methodology as well. And thirdly the paper suggests the application of the Marshall Plan as an instrument for EU and global coordination, taking into account the needs for more complex coordination procedures: how for example to coordinate the Tobin tax with the rest of the world and so on?

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