The introductory piece attempts to set forth as objectively as possible the economic legacy of the Reagan Administration, with emphasis on its international aspects, and thereby to provide the background for the other articles. Gilpin charts the shift in the 1980s from a supply-side, laissez-faire style policy to one that acknowledges a need for cooperation between the United States and its economic partners. While this has been a responsible and productive change, it has also generated ambiguity as to what the U.S. stance on economic international activity should be.
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