In short, the fight against poverty and underdevelopment during this period was understood as a political battle. It sought to challenge the prevailing distribution of power and resources around the world.
on the rise of developmentalist policies in developing countries pre-1980 (more protectionist/redistributionist) which ofc concerned the West, because their economies depended on the existence of an underclass of pliant developing nations ... their response was to demonise these policies as "Communist" and use that as a cloak to justify economic (or physical) warfare against them