Re:"No inventions; no innovations" A History of US Steel
by AnthonyMouse on Saturday December 30, 2023 @03:21AM
(#38813653)
Loans to a bombed out country in the aftermath of losing a major war can be hard to come by, for the same reasons as they are for a third world country with an unstable government.
It's not uncommon for a country to get stuck in a situation where they have no infrastructure that could attract investment so they have no industry so they have no economic base to build infrastructure. "Get the US to loan us money" is nominally a way out of this.
The US noticed this too and makes loans to such countries de facto through the World Bank, providing them with an opening through which they can crawl up inside those countries and lay eggs.
It's not uncommon for a country to get stuck in a situation where they have no infrastructure that could attract investment so they have no industry so they have no economic base to build infrastructure. "Get the US to loan us money" is nominally a way out of this.
The US noticed this too and makes loans to such countries de facto through the World Bank, providing them with an opening through which they can crawl up inside those countries and lay eggs.