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 GilpinSpecialization makes the welfare of the society vulnerable to the market and to political forces beyond national control.
Robert GilpinIn short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.
Robert GilpinDespite its increased dependence on the international economy, America continues to behave as if it were either a closed economy or the leader whom everyone else should automatically follow.
Robert Gilpin