Robert Gilpin
Robert Gilpin is a scholar of International Political Economy and the professor emeritus of Politics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University.
Through 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.
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.
Despite 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.
The clustering of technological innovation in time and space helps explain both the uneven growth among nations and the rise and decline of hegemonic powers.
Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.
The competitive nation-state system, with all its capacity for good and evil, is spreading in the Third World and is transforming that world.
Structuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.
A market is not politically neutral; its existence creates economic power which one actor can use against another.
The opposing tendencies of concentration and spread are of little consequence in the liberal model of political economy.
The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.