Outsourcing

Posted: 22 Aug 2012

Date Written: May 20, 2012

Abstract

After World War II the continent of Europe was devastated both structurally and economically by the war. George C. Marshall is the man who can be considered the father of outsourcing and foreign aid, because of his military skills and training he was able to devise a foreign policy plan as an innovator and visionary for nations building, diplomacy, and economic recovery that has been built upon for more than 50 years. In December of 1953 Marshall won the Nobel Peace Prize for his excellent work in establishing and going to the American public to sell this idea for the economic recovery of our allies called the “Marshall Plan” known as the European Recovery Program and USAID. America believed in this plan and it was the beginning of what is now called outsourcing. This was the foremost visionary plan ever and has made America the leader in economic sustainability where private enterprise and governments collaborate on the international front. The USAID program is America’s international welfare program to support foreign governments, but more importantly since the Marshall Plan and investments by corporate America has help sustained failed states, weak states and contain communism which is in the best interest of America. (The George C Marshall Foundation, 2009; Vashista & Kahn, 2009; Machado, 2009)

Keywords: macroeconomics, social welfare, aid, funding, sustainability, economy, altruism

JEL Classification: A1, A2, A10, A11, A12, A13, A14, B10, B15, B19, D4, D6, D50, D60

Suggested Citation

Moreland, Janice L., Outsourcing (May 20, 2012). Available at SSRN: https://ssrn.com/abstract=2132533

Janice L. Moreland (Contact Author)

affiliation not provided to SSRN ( email )

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