Description

Through a detailed reconstruction of American rearmament programs to Italy from the birth of NATO through the implementation of multilateral military assistance during the early 1950s, this research challenges the idea that the end of reconstruction marked a striking American shift from economic aid to defense policies. The case study of Italy highlights the impact that the defense procurement contracts had both on monetary stability and balance of payments, as well as the integration of the Italian products within the infant European trade area. This monograph demonstrates that through military assistance the United States promoted balance of payments equilibrium and expansionary domestic aggregate demand to lay down the foundation of a mass consumption market. Furthermore, this work makes the point that the Italian elites resorted to Italy’s industrial role as production source for NATO to both export manufactured products to the West European economies and import high added value instrumental goods from the U.S. markets.

Supra-National Integration and Domestic Economic Growth: The United States and Italy in the Western Bloc Rearmament Programs 1945-1955

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Hardback by Simone Selva

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Through a detailed reconstruction of American rearmament programs to Italy from the birth of NATO through the implementation of multilateral... Read more

    Publisher: Peter Lang AG
    Publication Date: 11/10/2012
    ISBN13: 9783631605790, 978-3631605790
    ISBN10: 363160579X

    Number of Pages: 214

    Non Fiction , History

    Description

    Through a detailed reconstruction of American rearmament programs to Italy from the birth of NATO through the implementation of multilateral military assistance during the early 1950s, this research challenges the idea that the end of reconstruction marked a striking American shift from economic aid to defense policies. The case study of Italy highlights the impact that the defense procurement contracts had both on monetary stability and balance of payments, as well as the integration of the Italian products within the infant European trade area. This monograph demonstrates that through military assistance the United States promoted balance of payments equilibrium and expansionary domestic aggregate demand to lay down the foundation of a mass consumption market. Furthermore, this work makes the point that the Italian elites resorted to Italy’s industrial role as production source for NATO to both export manufactured products to the West European economies and import high added value instrumental goods from the U.S. markets.

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