Is it Economic Statecraft?

Marshall Plan

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Following WWII, the US emerged as global hegemon. The Marshall plan helped this.

Hegemon

The US fights to retain hegemony. The idea to repeat the success of the Marshall Plan in the Third World has backfired.

Mixed Reviews

Many experts say that the US has confused ODA with other forms of assistance. Measuring efficacy is also an issue.

Going Forward

The US should continue to refine its ODA flows to maximum benefit. It should also consider creating MDB.