Economic relations with the developing world: an analytical study of capitalist and socialist approaches

The peoples of the lands in Asia, Africa and Latin America are making a determined bid for accelerating the process of establishing a strong industrial base and usher in deep socio-economic development. To do that they have first to overcome the grim legacy of their colonial past. In this task they seek aid and assistance both from the East and the West.
However, the countries that come to the assistance of the developing countries have a markedly different, almost counter-distinctive approach towards them. This book is devoted to an analysis of this phenomenon.

The author is of the view that aid policy of the West is of definite state-monopoly character. The aid programmes are so devised that the basic interests of the Western finance capital are served, export of western capital and commodities to the developing countries is promoted. In effect, it signifies the establishment of a new system of exploitation of the developing countries.
As the awareness of the exploitative nature of Western aid grew, more and more developing countries began turning to the countries of the developed and socialist East, particularly to the Soviet Union.