Banking service chronicle

Banking service chronicle

Banking service chronicle published this article page no 21 the other important development was the non-aligned movement (nam) which gave the newly independent countries a way of staying out of the alliances. you may ask why the superpowers needed any allies at all. after all with their nuclear weapons and regular armies they were so powerful that the combined power of most of the smaller states in asia and africa and even in europe was no match to that of the superpowers. yet the smaller states were helpful for the superpowers in gaining access to (i) vital resources such as oil and minerals (ii) territory from where the superpowers could launch their weapons and troops (iii) locations from where they could spy on each other and (iv) economic support in that many small allies together could help pay for military expenses. they were also important for ideological reasons. the loyalty of allies suggested that the superpowers were winning the war of ideas as well that liberal democracy and capitalism were better than socialism and communism or vice versa Banking service chronicle magazine subscription.

Banking service chronicle