The document discusses a potential "Global Marshall Plan" to support developing countries, drawing lessons from the original Marshall Plan. It argues that developed countries often transfer outdated technologies to developing nations, which harms the environment. Both developed and developing countries are now concerned with issues like global warming and sustaining the environment and world economy. Former Vice President Al Gore proposed terms for developed nations to follow to achieve these goals, basing his ideas on the popularity of the original Marshall Plan.

1. What lessons can be learned from the Marshall Plan for a new “Global Marshall Plan” to
support the developing countries?
Solution
In Economic literature, we frequently find that when the developed countries progress in their
technological sphere, they tend to transfer the outdated technologies to the third-world nations,
which is pretty much harmful for the environment. This is because, with the burst of worldwide
concern about the global environmental problem like the global warming, all of the developed
and developing nations got concerned about saving the environment and the world economy as
well.
Based on this notion, former American Vice President Al Gore proposed some terms that the
developed nations should follow in order to sustain a healthy environment and to make the world
economy prosper. He based his notion on popular