ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Poland s New Style Party

November 20, 1971 invite sharp US reaction. The Senate vote turning down the foreign aid bill brings the Third World' countries face to face with reality. The bill might be resurrected to help countries most subservient to the United States. But the position of countries like Peru will harden. All this naturally has serious implications for US investment and loan policies, Peru, aware of all this perhaps, has reaffirmed its decision to reject 'aid' and base its economic development on the efforts of its people and take an increasingly Third World position'. Peru has been fighting the tendency to seek investment and financing from a single area. Now European and Asian countries, both capitalist and socialist, have opened their markets for Peruvian exports and have shown a willingness to provide capital. This is the context in which Peru and India signed the three-year trade agreement.

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