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It is clearly stated in the passage that the Marshall Plan ----.
“The Marshall Plan was not a simple program for
transferring massive sums of money to struggling
countries, but an explicit – and eventually successful –
attempt to reindustrialize Europe.” say Erik Reinert and
Ha-Joon Chang. It follows that if Africa really wants
economic prosperity, it should study and draw valuable
lessons from the Marshall Plan’s dark twin: the
Morgenthau Plan implemented in Germany in 1945.
Reinert tells the story best: When it was clear that the
Allies would win the Second World War, the question of
what to do with Germany, which in three decades had
precipitated two World Wars, reared its head. Henry
Morgenthau Jr, the US secretary of the treasury,
formulated a plan to keep Germany from ever again
threatening world peace. Germany, he argued, had to
be entirely deindustrialized and turned into an
agricultural nation. All industrial equipment was to be
destroyed, and the mines were to be flooded. This
program was approved by the Allies and was
immediately implemented when Germany capitulated in
1945. However, it soon became clear that the
Morgenthau Plan was causing serious economic
problems in Germany: deindustrialization caused
agricultural productivity to plummet. This was indeed an
interesting experiment. The mechanisms of synergy
between industry and agriculture worked in reverse:
killing the industry reduced the productivity of the
agricultural sector.