The United States, Britain and the Marshall Plan: oil and finance in the early postwar era*

Abstract This paper discusses United States foreign economic policy in the early post-World War II period, focusing on Anglo-American relations and the international oil industry. Contrary to popular opinion, these relations were not friendly, as one of the goals of US policymakers was to force the former power to relinquish key areas of strategic and commercial influence, such as the trading networks of the British Commonwealth and, more importantly, the oil regions of the Middle East. In particular, the paper analyzes US oil policy during the Marshall Plan. Though not questioning the Plan’s overall positive impact on European economic growth, the paper argues that, with regard to the oil industry, its primary objective was not to stimulate recovery but to secure a dominant role for US producers in the Middle East

The United States, Britain and the Marshall Plan: oil and finance in the early postwar era*

<div><p>Abstract This paper discusses United States foreign economic policy in the early post-World War II period, focusing on Anglo-American relations and the international oil industry. Contrary to popular opinion, these relations were not friendly, as one of the goals of US policymakers was to force the former power to relinquish key areas of strategic and commercial influence, such as the trading networks of the British Commonwealth and, more importantly, the oil regions of the Middle East. In particular, the paper analyzes US oil policy during the Marshall Plan. Though not questioning the Plan’s overall positive impact on European economic growth, the paper argues that, with regard to the oil industry, its primary objective was not to stimulate recovery but to secure a dominant role for US producers in the Middle East.</p></div

Transforming natural resources into industrial advantage: the case of China’s rare earths industry

ABSTRACT This paper analyzes the development of China’s rare earths industry, emphasizing the role of state technological initiatives in the country’s transition from rare earth exporter to large industrial consumer of these raw materials. Like other industrial powers before it, China takes advantage of low-cost domestic supplies of strategic raw materials to promote higher value-added manufacturing. We argue that, in the case of rare earths, this strategy has been largely successful, disrupting a classic international division of labor that existed prior to 2000, in which China exported most of its rare earth output to wealthy countries, and transforming Chinese firms into exporters of more sophisticated downstream products

Transforming natural resources into industrial advantage: the case of China’s rare earths industry

<div><p>ABSTRACT This paper analyzes the development of China’s rare earths industry, emphasizing the role of state technological initiatives in the country’s transition from rare earth exporter to large industrial consumer of these raw materials. Like other industrial powers before it, China takes advantage of low-cost domestic supplies of strategic raw materials to promote higher value-added manufacturing. We argue that, in the case of rare earths, this strategy has been largely successful, disrupting a classic international division of labor that existed prior to 2000, in which China exported most of its rare earth output to wealthy countries, and transforming Chinese firms into exporters of more sophisticated downstream products.</p></div

Gas Market Integration in the Southern Cone

"Gas Market Integration in the Southern Cone" is part of a larger effort by the Inter-American Development Bank (IDB) to promote integration of energy markets in South America's Southern Cone region. This book offers a comprehensive analysis of the gas industry's evolution in the region, highlighting the drivers of and obstacles to regional market integration. The authors identify barriers to integration and also present a concrete proposal based on a wealth of experience in other world regions, for overcoming these barriers to advance toward regional integration