Lessons Learned About Economic Governance in Wartorn Economies from the Marshall Plan to the Reconstruction of Iraq.

摘要

Economic governance refers to the policies, laws, regulations, institutions, practices, and individuals that determine the context in which a country's economic activity takes place. This report advocates the early delivery of technical assistance in economic governance in wartorn economies. Timely assistance of this type is necessary for the reconstruction of economic institutions, the establishment of sound economic policies, and the creation of the capacity for sustainable functioning of a rebuilt state. It thus fosters the conditions for economic recovery, employment, and growth that puts a country back on a path of recovery and development. Macroeconomic stability, sound fiscal policy, and other policies and institutions that promote private-sector development are central to creating jobs, reducing numbers of angry unemployed, and giving the population a stake in a new society. Sound economic governance is the key to remedying underlying tensions, putting conflict in the past, and moving forward with economic development. Failure to establish good economic governance early on limits the possibilities of changing the underlying social relations that had led to conflict and increases the chances of continued or renewed conflicts. During the early stages of postconflict assistance, there is often a brief window of opportunity to make fundamental Economic Cooperation Administration A poster for the Marshall Plan, which applied well-thought-out economic gov-ernance programs to wartorn Europe.