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The Instruments for Implementing the Marshall Plan and Features and Consequences of the Impact of American Policy on Europe
Nestor O. Y.

Nestor, Olha Yu. (2022) “The Instruments for Implementing the Marshall Plan and Features and Consequences of the Impact of American Policy on Europe.” Business Inform 12:87–92.
https://doi.org/10.32983/2222-4459-2022-12-87-92

Section: Foreign Experience

Article is written in Ukrainian
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UDC 330.322:336.563

Abstract:
The article discloses the range of instruments used by the Economic Cooperation Administration (ECA) during the implementation of the Marshall Plan: invitations to action, consultations, cooperation of specialists, joint responsibility, analysis of national accounts, a range of analytical approaches, persuasion, control over the assistance provided, the right to vote on the use of funds from auxiliary partner funds, project procedure, technical assistance. Some of them were much more efficient and effective than others, for example, consultations, cooperation of specialists, technical assistance. The program of restoration of Europe was a common cause of the USA and Europe, during its development conditions were not imposed that contradicted the interests of Europeans and did not subordinate the economies of European countries to the economy of the United States of America. The goals of the Marshall Plan were ethically sound, which was very important for establishing trust in the United States and acting to achieve mutually beneficial goals. The course was set on democratic world leadership, not imperialism. The article discusses the impact of the United States on the European economy during the implementation of the Marshall Plan, as well as aspects of the influence and engagement of the United States of America. The peculiarities and consequences of the influence of American policy on Europe are analyzed, in particular: large-scale goals of the Marshall Plan, clear administration, mutual understanding and respect, political and economic reliability, coherence between principles and actions, and others. It is recommended to use the following instruments for the recovery program of Ukraine: consultations, cooperation of specialists, joint responsibility, control over the assistance provided along with the right to vote on the directions of its use, project procedure, technical assistance. It is noted that this list is not exhaustive, therefore, during the implementation of the «Marshall Plan for Ukraine», new instruments for implementing the assistance program, both universal and specific, can be created that can be applied only in the context of the Ukrainian situation.

Keywords: implementation instruments, policy, goals, post-war recovery, Marshall Plan, economic assistance, recovery program for Ukraine.

Fig.: 1. Bibl.: 8.

Nestor Olha Yu. – Candidate of Sciences (Economics), Research Associate, Department of Regional Financial Policy, Institute of Regional Research named after M. I. Dolishniy of the NAS of Ukraine (4 Kozelnytska Str., Lvіv, 79026, Ukraine)
Email: [email protected]

List of references in article

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The Marshall Plan: Lessons Learned for the 21st Century. OECD Publishing, 2008.
Machado, B. F. In Search of a Usable Past: The Marshall Plan and Postwar Reconstruction Today. The George C. Marshall Foundation, 2007.
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Humeniuk, V. V. “Zarubizhnyi dosvid povoiennoi transformatsii derzhavnoho upravlinnia i uroky dlia Ukrainy“ [Foreign Experience of Post-War Transformation of Public Administration and Lessons for Ukraine]. Ekonomika Ukrainy, no. 8 (2022): 34-54. DOI: https://doi.org/10.15407/economyukr.2022.08.034
Deineko, L. V. et al. “Kliuchovi aspekty «Planu Marshalla» dlia Ukrainy u promyslovii sferi“ [Key Aspects of the "Marshall Plan" for Ukraine in the Industrial Sphere]. Ekonomika Ukrainy. 2015. http://economyukr.org.ua/docs/EU_15_04_070_uk.pdf
Kisterskyi, L. L. “Formuvannia suchasnoi Yevropy: strymuvannia ta rozvytok“ [Formation of Modern Europe: Containment and Development]. Ekonomika Ukrainy. 2015. http://economyukr.org.ua/docs/EU_15_04_019_uk.pdf

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