Europe's Postwar Recovery

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.

ISBN 0521482798   Volumes 1 ISBN13 9780521482790 (What's this?)   Weight (grammes) 710 Publisher Cambridge University Press   Published in Cambridge Imprint Cambridge University Press   Series editor Bordo, Michael D., Capie, Forrest, Redish, Angela Format Hardback   Series title Studies in Macroeconomic History Publication date 07 Dec 1995   Height (mm) 228 Library of Congress HC240 .E873 1995   Width (mm) 152 DEWEY 330.94055   Spine width (mm) 24 DEWEY edition DC20   Academic level Professional / Scholarly, Tertiary education Pages 368

		List of contributors
		Preface
1		Mainsprings of economic recovery in post-war Europe by Barry Eichengreen		3
2		The Marshall Plan reconsidered by Lucrezia Reichlin		39
3		Influencing aid recipients: Marshall Plan lessons for contemporary aid donors by Chiarella Esposito		68
4		The IMF and the creation of the Bretton Woods System, 1944-58 by Harold James		93
5		The GATT's contribution to economic recovery in post-war Western Europe by Douglas A. Irwin		127
6		The European Coal and Steel Community: an object lesson? by John Gillingham		151
7		The European Payments Union: an efficient mechanism for rebuilding Europe's trade? by Barry Eichengreen		169
8		Germany and the political economy of the Marshall Plan, 1947-52: a re-revisionist view by Helge Berger and Albrecht Ritschl		199
9		"You've never had it so good?": British economic policy and performance, 1945-60 by N. F. R. Crafts		246
10		"Belgian miracle" to slow growth: the impact of the Marshall Plan and the European Payments Union by Isabelle Cassiers		271
11		France: real and monetary aspects of French exchange rate policy under the Fourth Republic by Gilles Saint-Paul		292
12		Post-war Germany in the European context: domestic and external determinants of growth by Holger C. Wolf		323
		Index		353

"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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