Implementation of the Marshall's Plan and Economic Growth of the Republic of Austria in the Period of 1945—1953

The article deals with problems of economic growth of Austria in the period of 1945—1953. Analysis of the economic growth process is conducted in a way that would allow to show the special economic role which was played by American economic, aid implemented within the framework of the Marshall's plan for reconstruction of Austrian economy. The author stresses supremacy of political goals, which W. Truman's administration attached to the plan and he points that the basic economic mechanism of infulence exerted by this aid resulted from the fact that with limited possibilities of internal accumulation it represenied an important source of obtaining economic surplus. Earmarking of economic surplus for investment targets became an essentian factor of economic accelerattion achieved over the period of 1948—1951. Summing up, It should be stressed that foreign aid within the Marshall's plan and implementation of the four-year period of reconstruction of Austria's economy possible owing to this aid, combined with a successful stabilization policy of 1952—1953, provided foundations for „Austrian economic miracle" of the fifties.Zadanie pt. Digitalizacja i udostępnienie w Cyfrowym Repozytorium Uniwersytetu Łódzkiego kolekcji czasopism naukowych wydawanych przez Uniwersytet Łódzki nr 885/P-DUN/2014 zostało dofinansowane ze środków MNiSW w ramach działalności upowszechniającej naukę