In this review, we summarize the theoretical development on the electric
dipole moment of light nuclei. We first describe the nucleon level CP violation
and its parametrization. We then present the results of calculations of the EDM
of light nuclei in the ab initio approach and in the cluster model. The
analysis of the effect of several models beyond standard model is presented,
together with the prospects for its discovery. The advantage of the electric
dipole moment of light nuclei is focused in the point of view of the many-body
physics. The evaluations of the nuclear electric dipole moment generated by the
$\theta$-term and by the CP phase of the Cabibbo-Kobayashi-Maskawa matrix are
also reviewed.Comment: 35 pages, 9 figures. review, published versio