In This Review
Debt Trap: Rethinking the Logic of Development

Debt Trap: Rethinking the Logic of Development

By Richard W. Lombardi

Praeger, 1985, 217 pp.

A banker with a philosophical turn of mind sees the world economy on the edge of an abyss because development has been misconceived as concerned only with economic man instead of "rational man." His complex and slightly murky prescriptions for reform include more public aid, more internationalization of institutions, smaller banks that stick to banking, and more regional arrangements that avoid pitting the rich and poor countries against one another.