Sociology 2228A/B Study Guide - Midterm Guide: Marshall Plan, Free Market, Environmentalism
10 Apr 2020
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United states led an international project that viewed development as a national enterprise. Us led attempt to build a free market global consensus focused on breaking down the. A political and intellectual response to world conditions at time of decolonization. Need to overcome traditional obstacles, i. e. , wealth sharing, cooperative labor. Solution: introduce private property and accumulation of wealth. Required introduction of banking, accounting, education, stock markets, legal systems, and public infrastructure. European countries (and japan) to help them rebuild their war-torn industries and to make their agriculture more industrial, or. Modern. the us would accept payment in local currencies (counterpart funds). It achieved its purpose in restoring trade by rebuilding trading partners" economies. Development transitioned from nationally managed economic growth to participation in the world market. The market rule" was established by restructuring policies and standards across the nation state system. Participation in the world market" - focusing on export intensification and shrinking the state.
