"Organising this event gives us a chance to speed up developmentandmodernisation of the country, " he says at the Soccerex football finance forum in Manchester.
The Fisheries Committee has broadly supported the Commission's proposal, but says the money should be focused on the modernisation of fishing fleets and the development of coastal communities.
Mr Jacoby traces the developmentandmodernisation of welfare capitalism from the 1930s to the 1960s by looking closely at three firms: Eastman Kodak, Sears Roebuck and Thompson Products.