Underdevelopment and the Transition to Socialism

Underdevelopment and the Transition to Socialism

Mozambique and Tanzania

1st Edition - January 28, 1981

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  • Author: James H. Mittelman
  • eBook ISBN: 9781483257877

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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


    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


    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


    General Works

    Mozambique and Portugal


    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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