What Was the Marshall Plan?
Drawing the Right Lessons for Today's Development Challenges
About This Event

The Marshall Plan's role in the economic recovery of Europe after World War II is often invoked as indisputable proof that foreign aid works. In 2005, while serving as chancellor of the exchequer, British prime minister Gordon Brown called for "a new deal between developed and developing countries as bold and as generous as the Marshall Plan of the 1940s." The Gleneagles G8 summit that year resulted in $50 billion in new aid pledges and $40 billion in debt cancellation. Aid proponents say that even this historic increase fell far short of the amounts required to end global poverty.

What was the Marshall Plan, and why did it succeed? Bearing only a superficial resemblance to modern-day aid programs, the Marshall Plan focused on support for the private sector, policy reform, and regional integration. At this event--which coincides with the sixtieth anniversary of President Harry Truman's signing of the Marshall Plan into law on April 3, 1948--Deepak Lal, the James Coleman Professor of Development Studies at UCLA; AEI visiting fellow Sarath Rajapatirana; and David Devlin-Foltz, director of the Aspen Institute's Global Interdependence Initiative will discuss the real lessons of the Marshall Plan for the development challenges of today. AEI resident fellow Mauro De Lorenzo will moderate.

8:45 a.m.
Registration and Breakfast
Deepak Lal, University of California, Los Angeles
Sarath Rajapatirana, AEI
David Devlin-Foltz, Aspen Institute
Mauro De Lorenzo, AEI
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AEI Participants


De Lorenzo
  • Mauro De Lorenzo studies private sector-based approaches to development in post-conflict and post-Socialist countries, focusing on reforms that have made some developing countries attractive to foreign and domestic investment. He also researches Chinese investment and political influence outside the Pacific region, particularly in Africa; the design of policies that promote democratic accountability in aid-receiving countries; and refugee and humanitarian policy.

    Follow Mauro De Lorenzo on Twitter.
  • Phone: 2024195201
    Email: mauro.delorenzo@aei.org
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