BUSINESS

Help with strings attached

Asia focus, Patpon Sabpaitoon, Published on 30/03/2020

» When Europe was on the verge of collapsing after the carnage of World War II, countries in the region were at risk of drifting into the communist orbit of the Soviet Union. To contain the threat, the United States government in 1948 created a recovery programme worth US$12.7 billion -- $128 billion in today's money.