5 Minutes

Learn the essentials about the Global Marshall Plan in the time it would take to boil an egg…

 

What is the Global Marshall Plan?

The central goal of the Global Marshall Plan is the achievement of a “World in Balance”. In order to realize this, current global economic processes need to be altered and the structure of globalization drastically improved. The Global Marshall Plan proposes the implementation of an Eco-Social Market Economy. Such a model would offer an improved regulatory framework, sustainable development, the eradication of poverty, environmental protection, equality… essentially a new global ‘economic miracle’.

 

The Global Marshall Plan includes the following five core goals:

  • Further development and implementation of the UN Millennium Development Goals
  • Achieve the 0.7% target and thus raise the additional 100-150 billion US dollars per year required to meet the Millennium Development Goals
  • Fair taxation on the global value-added processes, particularly in the finance sector
  • Fair global partnerships and effective appropriation of funds, directed to the grass root level, while at the same time fighting corruption
  • Establish framework conditions for the world economy which are compatible with sustainability: A worldwide Eco-Social Market Economy

 

Why do we need a Global Marshall Plan?

The current global conditions are scandalous. Largely unregulated globalisation and completely unacceptable regulations on the world finance system are accompanied by severe and rising poverty, hunger, resource conflicts, north-south divide, increasing migration, cultural conflicts, terrorism, wars, environmental destruction and climate catastrophes. The current conditions of globalisation have negative consequences for the vast majority of people and sustainability is becoming more and more difficult to reach. The mentioned problems can no longer be resolved nationally under the current conditions. Therefore, we need an improved and binding global framework for the world economy that brings economy into harmony with society, culture, and environment.

 

Millennium Development Goals and a global Eco-Social Market Economy

The Global Marshall Plan considers the realization of the United Nations Millennium Development Goals, which were signed by 189 nations in 2000, to be an important first step. However, many
problems have even worsened, highlighting a glaring failure of the international community. If anything, this should be all the more incentive to update the goals and meet them promptly.

The Millennium Development Goals

        Goal 1: Eradicate extreme poverty and hunger
        Goal 2: Achieve universal primary education
        Goal 3: Promote gender equality and empower women
        Goal 4: Reduce child mortality rate
        Goal 5: Improve maternal health
        Goal 6: Combat HIV/AIDS, malaria, and other diseases
        Goal 7: Ensure environmental sustainability
        Goal 8: Develop a global partnership for development
 

In order to establish a "World in Balance" a global Eco-Social Market Economy with globally binding social, ecological and cultural standards is required. With the gradual implementation of a global Eco-Social Market Economy, a framework compatible with sustainability for the global economy will be established and the global market fundamentalism will be overcome. Functioning Global Governance structures need to reform existing institutions and policies (e.g. United Nations, World Trade Organization and World Finance Sector), as well as their coherent linkup to create a functioning whole.

 

Financing

By enforcing the 0.7% GNP target, which the United Nations has been aiming at for decades, the means to finance development aid would be available. In addition to the creation of fair competitive conditions between North and South in the agricultural sector, as well as reasonable methods of debt relief for the less and least developed countries, the Global Marshall Plan focuses on new financial funding sources. They are based on global value added processes and therefore neither strain domestic economies nor distort competition. Possible financing mechanisms are a Terra-Tax on world-wide trade, a levy on global financial transactions, trade with equal per capita emission rights, a kerosene tax, or Special Drawing Rights with the International Monetary Fund (IMF).

 

Resource Allocation

Effective resource allocation for self-governed development is probably the most difficult aspect of the Global Marshall Plan. Promoting Good Governance, subsidiaries, rationality, education, combating corruption, as well as an appropriation of funds, coordinated and directed at a grassroots level, are considered crucial for self-regulated development (e.g. micro-financing).

 

The Global Marshall Plan Foundation

In 2003 Global Marshall Plan representatives from science, politics, media, culture, business and various NGOs came together with the goal of working to counter the increasing imbalance that could be seen across humanity. Since then the Initiative has grown to a network of more than 200 organisations from various countries and communities.

The Global Marshall Plan Foundation coordinates the Global Marshall Plan Initiative, which consists out of a network of more than two hundred organizations, numerous states and communities. Learn more about the Global Marshall Plan Initiative and about what you can do for a World in Balance.