
Underdevelopment and the Transition to Socialism
Mozambique and Tanzania
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Underdevelopment and the Transition to Socialism: Mozambique and Tanzania evaluates the promise and problems of socialism in the Third World by considering the political economies of Mozambique and Tanzania. The aim is to provide a basic account, for Marxists and non-Marxists alike, interested in alternative strategies of development in the Third World. It offers a materialist political economy approach that should be useful to an interdisciplinary group of scholars and practitioners. The book is organized into four parts. Part I maps out purposes and procedures. Part II on Mozambique is a factually grounded analysis of an initial conjuncture in the transition to socialism—the capture of state power by workers and peasants. Part III on Tanzania focuses on another vital step on the way to socialism—the nationalization of leading financial institutions and the attempt to place them under the aegis of the immediate producers. Part IV knits together the main strands of the foregoing analysis and ties them to the broad themes discussed at the beginning of this book.
Table of Contents
Preface
Acknowledgments
List of Abbreviations
A Note on Currencies
One Introduction
1 Key Conjunctures in the Transition to Socialism
Focus of This Study
Modes of Inquiry
Underdevelopment and Socialism
Two The Capture of State Power in Mozambique
2 Imperialism and Revolution in Mozambique
Surrogate Colonialism
The Liberation Struggle
3 The Mechanisms of Imperialism
The Structure of the Economy
Foreign Investment and External Trade
Balance of Payments
The Southern African Nexus
A Neocolonial Solution?
4 The Metropolitan Political Economy
The Fascist State
The Penetration of Foreign Capital
Agricultural Production
International Assistance
A Resurgent Local Bourgeoisie
5 The Conquest of the State
Prelude to the Negotiations
The First Round of Peace Talks
The Secret Meeting in Dar es Salaam
The Lusaka Agreement and the Aftermath
The Four Phases
Appendix A: Socialism in Postcolonial Mozambique
A Socialist Strategy of Development
Achievements and Difficulties
The Global Context
Supplemental Reading
Appendix B: The Lusaka Agreement
Three The Nationalization of Banks in Tanzania
6 Banking and Underdevelopment
The Pivotal Role of Banks
Nationalizations in East Africa
7 Bank Policies in Colonial and Neocolonial Tanzania
Production Relations
The Monetary System
Banking Operations
8 The Acquisition of the Banks
Action by the State
The Reaction of the Banks
Compensation
The Agreements
9 Commercial Banking
Limited Autonomy of the Banking System
The Immediate Challenges
Toward Socialist Banking?
10 Rural Credit
From Past to Present
The Volume of Lending
Crop Finance
Distribution of Loans by Borrower
Distribution of Loans by Region
Ujamaa Villages
11 International Monetary Institutions and Self-Reliance
The Credit Club Forum
Balance of Payments Deficit
The Influx of International Agencies
The Expansion of World Bank Activities
The Debt Burden
Four Conclusion
12 The Promise and Problems of Socialism
The Capture of State Power
Ownership and Control of Financial Institutions
Transitional and Nontransitional Conjunctures
Obstacles and Prospects
Bibliography
General Works
Mozambique and Portugal
Tanzania
Subject Index
Product details
- No. of pages: 302
- Language: English
- Copyright: © Academic Press 1981
- Published: January 28, 1981
- Imprint: Academic Press
- eBook ISBN: 9781483257877
About the Author
James H. Mittelman
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