ABSTRACT
In the year 1919, a British economist, who later turned out to be one of the greatest and most innovative of them, returned from the Paris Peace Conference deeply enraged and frustrated. He was John Maynard Keynes, who had served during the war years of 1914-1918 in the UK Treasury and was also Britain's official representative to the Peace Conference early in 1919. As thirty years of war in the Middle East have not resulted in physical devastation, immediate economic problem is not rebuilding ruined economies. The economic loss suffered by the countries of the Middle East due to the state of war is reflected mainly in the constraints placed on the economic and social development of the region. In the years 1979 and 1980, a group of international experts of various nationalities, experts in the field of multinational financing of development, informally exchanged opinions concerning "Marshallian" ideas relevant to the transition from war to peace in the Middle East.
