Abstract
Abstract International relations were a key concern after World War II. The United States encouraged and promoted strong economic growth and improved economic development for a range of countries. Economic growth in Western Europe was significantly faster than it had been historically. In East Asia, a number of economies including South Korea and Taiwan also experienced fast growth after the 1960s. Foreign aid and policy advice through the Marshall Plan and other efforts helped spur an unexpectedly strong recovery. Western European nations used a number of institutional devices to incentivize strong economic growth. In East Asia economic development and growth was driven by innovative policy approaches that turned out to be very successful. These policies promoted investment in key sectors and products which raised the productivity of a number of key industries. Initial conditions of low income inequality and high human capital also promoted the success of these activist policies. Strong economic growth and a revival of international integration went hand-in-hand in the period.
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