In This Review

Adjustment Crisis in the Third World
Adjustment Crisis in the Third World
Edited by Richard E. Feinberg and Valeriana Kallab
Overseas Development Council, 1984, 186 pp

The debt problem has to be seen as a long-term issue inextricably linked to the growth prospects of the Third World, but it can be dealt with constructively. In support of this thesis, most of the authors of this good collection of papers offer concrete suggestions for policy in debtor and creditor countries and the international financial institutions. Of particular interest is Stanley Please's examination of the World Bank's structural lending activities and its possibilities.