This study was written in the winter of 1947/48 when the acceptance of the Marshall plan was still in doubt. At this point Dulles, who had been prominently involved in the planning of this recovery programme, produced this manuscript forcefully putting forward the case for acceptance.

Edited and with an Introduction by Michael Wala, Assistant Professor at Universität Erlangen-Nürnberg This recently discovered study by Allen Dulles, written in the winter of 1947/48 when the acceptance of the Marshall Plan was still in doubt, not only offers fascinating insights into the early postwar period but may also serve as an inspiration to policy makers at a time when there is much discussion of recovery programmes for Eastern Europe and the Marshall Plan is often evoked as a possible model.

'Allen Dulles is renowned as the pioneer of the CIA, but before entering upon a clandestine career he was a distinguished diplomat and architect of American foreign policy. His formidable grasp of complex political and economic issues is amply demonstrated in the publication of this long neglected study.' Peter Grose'With this book Michael Wala makes accessible a near-sensational find ... [Wala's] foreword and comments aptly complement the original text from today's vantage-point.'Dietmar F. Spranz, Executive Director, Austrian National Bank'The Dulles book has been skilfully edited by Michael Wala of the Universitat Erlangen-Nurnberg a specialist in US foreign policy 1945-50. I found his 14 page introduction, putting Dulles and the Marshall Plan into context, particularly helpful.'European Update