Private investments through the Marshall Plan and the contribution to the development of Greek capitalism
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XVIII, No.2, 2006, pages 191-213
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191-213
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In the present paper, we recapitulate briefly the role of the Marshall Plan for the economic development of Greece in general. Next, we step into a quantitative analysis of that part of the Plan, which passed directly to the private sector of the economy. In specific, we discuss the sectoral distribution of the provided loans and we study the role of commercial banks and how these affect the viability of the businesses. By manifesting the distorted implementation of a specific strategy, the erroneous management, cases of petty politics and cliental relationships, the paper concludes on the consequences of that restricted part of the Marshall Plan, and it provides relevant proposals for further research regarding the post-war development of Greek Capitalism.
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Appendices with tables
