Abstract
This article reviews US economic performance since the re-election of Ronald Reagan. The main focus is on the role of the state in promoting and responding to structural change in the economy. The article summarises recent changes in fiscal policy, trade and debt, banking and the stock market. The discussion highlights the consequences of the economic programme implemented during Reagan's first term, from 1980 to 1984, and the contradictions and pitfalls of the policies he hopes to promulgate in the second.
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