The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.
Robert GilpinLiberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important.
Robert GilpinMany critics see international trade as a form of cultural imperialism that must be strictly controlled.
Robert GilpinThe opposing tendencies of concentration and spread are of little consequence in the liberal model of political economy.
Robert Gilpin