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What is the Marshal Plan?
Marshal Plan:
The Marshal Plan noticed massive aid to post war Europe that led to quick recovery. That Marshal Aid helped but the accurate social, institutional, political and cultural conditions previously in place.
Aid was an essential but not adequate condition for growth.
Is low savings a problem? Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore
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What do you believe are the consequences of a rating downgrade?
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