In This Review

The Politics of International Credit: Private Finance and Foreign Policy in Germany and Japan
The Politics of International Credit: Private Finance and Foreign Policy in Germany and Japan
By J. Andrew Spindler
Brookings, 1984, 220 pp.

This very enlightening book combines a series of case studies of the relations of government and banks in Japan and Germany with a thoughtful explanation of why things work the way they do. There is good material on the banking arrangements in each country and stress on the "natural convergence" of public and private interests in economics and foreign policy. The book ends with brief reflections on its implications for the United States, where these matters are ordered differently.