How would the Latin American and the Philippine economies do economically if the Marshall Plan was extended to them?
What why it be extended to them?
To prevent to rise of left-leaning governments, thus butterflying away the Castro regime had the United States focused on strengthening the economies and democracies of Latin America and the Philippines.
Not to mention that if you WERE to include South America in the Marshall Plan, the aid would go to the strongman governments that were in power back then anyway.A Marshall Plan is expensive. Supporting strongmen like Marcos or Batista is much cheaper. I agree 100% that it would have been beneficial, but its still hard to make reality simply because of the cost at the time.
A Marshall Plan is expensive. Supporting strongmen like Marcos or Batista is much cheaper. I agree 100% that it would have been beneficial, but its still hard to make reality simply because of the cost at the time.
But would it accomplish anything in Latin America or the Philippines?
It could be argued that what worked in Germany and Japan was the fact that they had pretty successful economies prior to WW2 and the Marshall Plan at best just helped them get back doing what they already knew what to do.
Britain economy on the other hand had been very successful in the 19th century but was falling behind in the 20th and after WW2 they continued to fall behind even with US aid.
So the success of an aid program depends in large part on the country and people getting aid and not so much on the aid itself. So you might give large amounts of money to a country but it does not accomplish much or even just entrenches bad practices and hurts the country.