In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.
Robert GilpinStructuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.
Robert GilpinA prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.
Robert GilpinThrough exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.
Robert Gilpin