, Columnist
China Needs a Green Marshall Plan for the Global South
If Beijing is serious about building mutual alliances abroad, it should try and emulate America’s postwar initiative.
Time to be more strategic.
Source: /BloombergThis article is for subscribers only.
Money doesn’t just make returns. It builds alliances, too.
That was the thinking behind the Marshall Plan, the US aid package intended to restart shattered European economies in the aftermath of World War II. “If Europe fails to recover, the peoples of these countries might be driven to the philosophy of despair,” and return to totalitarianism, President Harry Truman told Congress in proposing the program.