Nine essays on neocolonialism in Asia which describe the major Western powers' financial takeover of small, resource rich...

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REMAKING ASIA: Essays on the American Uses of Power

Nine essays on neocolonialism in Asia which describe the major Western powers' financial takeover of small, resource rich nations -- and three of the contributions are outstanding. ""The International Monetary Debt and Indonesian Debt Slavery"" by Cheryl Payer documents how, through International Monetary Fund ""stabilization packages,"" Indonesia's foreign debt tripled from 1961 to 1967, while its dollar outflow went from $200 million to $990 million, and the massacre of perhaps half a million people secured a pro-imperialist regime. The essay measures up to the outstanding work of Harry Magdoff, who contributes the book's introduction. India's bondage to Western ""oil, drugs and fertilizers,"" ""Food For Peace"" market disruption, and to private enterprise forced by the World Bank, is exposed by Thomas Weisskopf; the results are located in the Indian debt service payments which multiplied twenty times in 10 years. Herbert Bix forcefully demonstrates how post-World War II American occupation and financial control destroyed Japanese agriculture and unions. But Malcolm Caldwell's spotty analysis of ""Oil Imperialism"" by the U.S. and Japan, however, accepts uncritically the Club of Rome projections for fuel resources; an essay on the Asian Development Bank merely indicates the high interest rates charged; and in a super. tidal manner the ""green revolution"" in Thailand is credited with destroying Thai peasant society. Other articles implicate the CIA ""financial establishment"" in Vietnam and show that oil, not simple independence, is a key to the Okinawan issue. The book as a whole definitely deepens our understanding -- particularly recommended for those who suspect that American military force is not the only factor in the Asian political and economic equation.

Pub Date: Jan. 30, 1973

ISBN: N/A

Page Count: -

Publisher: Pantheon

Review Posted Online: N/A

Kirkus Reviews Issue: Jan. 1, 1973