Europe's Postwar Recovery

doi:10.1017/CBO9780511759314

Western Europe's recovery from World War II was nothing short of miraculous. From the chaos of the war and the crisis of 1947, Europe moved directly to the most rapid quarter-century of economic growth in her history. The contributors to this volume seek to identify the sources of this singularly successful recovery. That all European countries shared in the miracle suggests that its roots may lie at the international level. The chapters therefore focus on the role played by international institutions - the International Monetary Fund, the World Bank, the European Coal and Steel Community, the European Payments Union, the General Agreement on Tariffs and Trade - and weigh the relative importance of domestic and international factors in Europe's postwar recovery. This book will be of interest to students of modern European history and to economists interested in economic growth, European economic integration, and reform of the Bretton Woods institutions.

"Weurope's Post-War Recovery is a concise exposition of the favorable influence of international institutions on the European economies. It is written by leading specialists who have presented elsewhere their views at greater length. Its central chapters deserve tp reach a wide audience." Pierre Sicsic, Journal of Economic Literature

"...the volume provides a good overview on contemporary research. As such, it should find a wide readership among economic historians, economists, political historians, and political scientists. Moreover, the book contains some real treasures that make it indispensable for the specialist." Journal of Economic History

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Contents

Frontmatter
pp i-iv
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Contents
pp v-vi
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List of contributors
pp vii-viii
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Preface
pp ix-x
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Part I - Introduction and survey
pp 1-2
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1 - Mainsprings of economic recovery in post-war Europe
pp 3-36
- By Barry Eichengreen
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Part II - The Marshall Plan
pp 37-38
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2 - The Marshall Plan reconsidered
pp 39-67
- By Lucrezia Reichlin
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3 - Influencing aid recipients: Marshall Plan lessons for contemporary aid donors
pp 68-90
- By Chiarella Esposito
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Part III - Other international initiatives
pp 91-92
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4 - The IMF and the creation of the Bretton Woods System, 1944–58
pp 93-126
- By Harold James
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5 - The GATT's contribution to economic recovery in post-war Western Europe
pp 127-150
- By Douglas A. Irwin
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6 - The European Coal and Steel Community: an object lesson?
pp 151-168
- By John Gillingham
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7 - The European Payments Union: an efficient mechanism for rebuilding Europe's trade?
pp 169-196
- By Barry Eichengreen
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Part IV - Country studies
pp 197-198
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8 - Germany and the political economy of the Marshall Plan, 1947–52: a re-revisionist view
pp 199-245
- By Helge Berger, Albrecht Ritschl
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9 - “You've never had it so good?”: British economic policy and performance, 1945–60
pp 246-270
- By N.F.R. Crafts
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10 - “Belgian miracle” to slow growth: the impact of the Marshall Plan and the European Payments Union
pp 271-291
- By Isabelle Cassiers
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11 - France: real and monetary aspects of French exchange rate policy under the Fourth Republic
pp 292-320
- By Gilles Saint-Paul
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Part V - Synthesis
pp 321-322
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12 - Post-war Germany in the European context: domestic and external determinants of growth
pp 323-352
- By Holger C. Wolf
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Index
pp 353-357
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Europe's Postwar Recovery

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Contents

Frontmatter
pp i-iv

Contents
pp v-vi

List of contributors
pp vii-viii

Preface
pp ix-x

Part I - Introduction and survey
pp 1-2

1 - Mainsprings of economic recovery in post-war Europe
pp 3-36

Part II - The Marshall Plan
pp 37-38

2 - The Marshall Plan reconsidered
pp 39-67

3 - Influencing aid recipients: Marshall Plan lessons for contemporary aid donors
pp 68-90

Part III - Other international initiatives
pp 91-92

4 - The IMF and the creation of the Bretton Woods System, 1944–58
pp 93-126

5 - The GATT's contribution to economic recovery in post-war Western Europe
pp 127-150

6 - The European Coal and Steel Community: an object lesson?
pp 151-168

7 - The European Payments Union: an efficient mechanism for rebuilding Europe's trade?
pp 169-196

Part IV - Country studies
pp 197-198

8 - Germany and the political economy of the Marshall Plan, 1947–52: a re-revisionist view
pp 199-245

9 - “You've never had it so good?”: British economic policy and performance, 1945–60
pp 246-270

10 - “Belgian miracle” to slow growth: the impact of the Marshall Plan and the European Payments Union
pp 271-291

11 - France: real and monetary aspects of French exchange rate policy under the Fourth Republic
pp 292-320

Part V - Synthesis
pp 321-322

12 - Post-war Germany in the European context: domestic and external determinants of growth
pp 323-352

Index
pp 353-357

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Europe's Postwar Recovery

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