In treating nuclear many-body problems, one usually reduces the ''full
'' many-body problem to a much smaller and more manageable problem, of
ten referred to as the model-space problem. Formal theories for carryi
ng out this reduction have been developed, and they are briefly review
ed here. The reduced many-body problem is characterized by a model-spa
ce effective interaction, which is given in the form of a folded-diagr
am series. Degenerate and non-degenerate methods for summing up this s
eries are discussed and compared. It is pointed out that the applicati
on of this effective-interaction approach is not restricted to nuclear
systems alone; it may also be useful to other types of many-body prob
lems such as that for a system of electrons.