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The Reconstruction of the International Economy, 1945–1960
The reconstruction of the international economy was one of the great achievements of the post-World War II era. This reconstruction led to the most remarkable boom in international trade and lending the world has ever seen.
More Information
Critical Acclaim
Contributors
Contents
More Information
The reconstruction of the international economy was one of the great achievements of the post-World War II era. This reconstruction led to the most remarkable boom in international trade and lending the world has ever seen.
In the wake of World War II, there had been widespread fears that the international economy would not be rebuilt in this way. The prevailing expectation was not for a golden age of economic growth but for a slump at least as severe as the economic decline experienced in 1920–21. The achievement of the post-World War II era was to contain these dangers of economic decline and possible depression. In The Reconstruction of the International Economy, 1945–1960, Professor Eichengreen has chosen articles which document these achievements.
The bulk of the volume is divided under headings which cover the policy initiatives and trade groups which influenced policy. The volume concludes with articles evaluating the postwar growth process. A final article provides a current-day view of retrospective and prospective successes and potential failures of this entire era. This volume will be welcomed by all researchers and students interested in the important policy initiatives which led to the nearly immediate reconstruction of the world economy after the last World War.
In the wake of World War II, there had been widespread fears that the international economy would not be rebuilt in this way. The prevailing expectation was not for a golden age of economic growth but for a slump at least as severe as the economic decline experienced in 1920–21. The achievement of the post-World War II era was to contain these dangers of economic decline and possible depression. In The Reconstruction of the International Economy, 1945–1960, Professor Eichengreen has chosen articles which document these achievements.
The bulk of the volume is divided under headings which cover the policy initiatives and trade groups which influenced policy. The volume concludes with articles evaluating the postwar growth process. A final article provides a current-day view of retrospective and prospective successes and potential failures of this entire era. This volume will be welcomed by all researchers and students interested in the important policy initiatives which led to the nearly immediate reconstruction of the world economy after the last World War.
Critical Acclaim
‘This volume offers detailed, penetrating insights into the processes and controversies that shaped this distinctive era in modern history.’
– Gary D. Allinson, The Historian
– Gary D. Allinson, The Historian
Contributors
20 articles, dating from 1951 to 1994
Contributors: W. Diebold Jr., C. Esposito, R.N. Gardner, R.T. Griffiths, A.O. Hirschman, C.S. Maier, A.S. Milward, J.J. Polak, R.Triffin
Contributors: W. Diebold Jr., C. Esposito, R.N. Gardner, R.T. Griffiths, A.O. Hirschman, C.S. Maier, A.S. Milward, J.J. Polak, R.Triffin
Contents
Acknowledgements
Introduction
Part I: The Bretton Woods System
1. J.S. Odell (1988), ‘From London to Bretton Woods; Sources of Change in Bargaining Strategies and Outcomes’
2. G.J. Ikenberry (1992), ‘A World Economy Restored: Expert Consensus and the Anglo-American Postwar Settlement’
3. C. Esposito (1991), ‘French International Monetary Policies in the 1940s’
Part II: The Marshall Plan
4. W. Abelhauser (1991), ‘American Aid and West German Economic Recovery: A Macroeconomic Perspective’
5. K. Borchardt and C. Buchheim (1991), ‘The Marshall Plan and Key Economic Sectors: A Microeconomic Perspective’
6. A.S. Milward (1989), ‘Was the Marshall Plan Necessary?’
7. B. Eichengreen and M. Uzan (1992), ‘The Marshall Plan: Economic Effects and Implications for Eastern Europe and the Former USSR’
Part III: Postwar Monetary Adjustments
8. J.J. Polak (1953), ‘Contribution of the September 1949 Devaluations to the Solution of Europe’s Dollar Problem’
9. J.G. Gurley (1953), ‘Excess Liquidity and the European Monetary Reforms 1944-1952’
Part IV: The European Payments Union
10. A.O. Hirschman (1951), ‘The European Payments Union: Negotiations and the Issues’
11. R. Triffin (1954), ‘International Currency and Reserve Plans’
12. B. Eichengreen (1993), ‘A Payments Mechanism for the Former Soviet Union: Is the EPU a Relevant Precedent?’
Part V: The Trade Regime
13. W. Diebold, Jr (1952), ‘The End of the I.T.O.’
Part VI: The European Coal and Steel Community
14. R.T. Griffiths (1988), ‘The Schuman Plan Negotiations: The Economic Clauses’
Part VII: The European Economic Community
15. M.J. Hogan (1984), ‘Paths to Plenty: Marshall Planners and the Debate over European Integration 1947-1948’
16. D.C. Stone (1952), ‘The Impact of U.S. Assistance Programs on the Political and Economic Integration of Western Europe’
Part VIII: The Postwar Growth Process
17. M. Abramovitz (1986), ‘Catching Up, Forging Ahead, and Falling Behind’
18. R.H. Dumke (1990), ‘Reassessing the Wirtschaftswunder: Reconstruction and Postwar Growth in West Germany in an International Context’
19. C.S. Maier (1981), ‘The Two Postwar Eras and the Conditions for Stability in Twentieth-Century Western Europe’
Part IX: Retrospect and Prospect
20. R.N. Gardner (1994), ‘The Bretton Woods-GATT System After Fifty Years – A Balance Sheet of Success and Failure’
Name Index
Introduction
Part I: The Bretton Woods System
1. J.S. Odell (1988), ‘From London to Bretton Woods; Sources of Change in Bargaining Strategies and Outcomes’
2. G.J. Ikenberry (1992), ‘A World Economy Restored: Expert Consensus and the Anglo-American Postwar Settlement’
3. C. Esposito (1991), ‘French International Monetary Policies in the 1940s’
Part II: The Marshall Plan
4. W. Abelhauser (1991), ‘American Aid and West German Economic Recovery: A Macroeconomic Perspective’
5. K. Borchardt and C. Buchheim (1991), ‘The Marshall Plan and Key Economic Sectors: A Microeconomic Perspective’
6. A.S. Milward (1989), ‘Was the Marshall Plan Necessary?’
7. B. Eichengreen and M. Uzan (1992), ‘The Marshall Plan: Economic Effects and Implications for Eastern Europe and the Former USSR’
Part III: Postwar Monetary Adjustments
8. J.J. Polak (1953), ‘Contribution of the September 1949 Devaluations to the Solution of Europe’s Dollar Problem’
9. J.G. Gurley (1953), ‘Excess Liquidity and the European Monetary Reforms 1944-1952’
Part IV: The European Payments Union
10. A.O. Hirschman (1951), ‘The European Payments Union: Negotiations and the Issues’
11. R. Triffin (1954), ‘International Currency and Reserve Plans’
12. B. Eichengreen (1993), ‘A Payments Mechanism for the Former Soviet Union: Is the EPU a Relevant Precedent?’
Part V: The Trade Regime
13. W. Diebold, Jr (1952), ‘The End of the I.T.O.’
Part VI: The European Coal and Steel Community
14. R.T. Griffiths (1988), ‘The Schuman Plan Negotiations: The Economic Clauses’
Part VII: The European Economic Community
15. M.J. Hogan (1984), ‘Paths to Plenty: Marshall Planners and the Debate over European Integration 1947-1948’
16. D.C. Stone (1952), ‘The Impact of U.S. Assistance Programs on the Political and Economic Integration of Western Europe’
Part VIII: The Postwar Growth Process
17. M. Abramovitz (1986), ‘Catching Up, Forging Ahead, and Falling Behind’
18. R.H. Dumke (1990), ‘Reassessing the Wirtschaftswunder: Reconstruction and Postwar Growth in West Germany in an International Context’
19. C.S. Maier (1981), ‘The Two Postwar Eras and the Conditions for Stability in Twentieth-Century Western Europe’
Part IX: Retrospect and Prospect
20. R.N. Gardner (1994), ‘The Bretton Woods-GATT System After Fifty Years – A Balance Sheet of Success and Failure’
Name Index