In This Review

The World Debt Dilemma: Managing Country Risk
The World Debt Dilemma: Managing Country Risk
By Irving S. Friedman
Council for International Banking Studies/Philadelphia: Robert Morris Assoc, 1984, 329 pp
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The author's experience in the IMF, the World Bank, two private banks and in a series of international debt negotiations makes this a most authoritative text. Sometimes almost a manual on how to deal with countries in difficulties, it spells out considerations and practices that will not have occurred to most outsiders, as well as providing judgments on a variety of major issues.

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