ABSTRACT

In the penultimate year of the Reagan presidency, the United States ex­ pelled over a million illegal aliens and was decidedly bullish about it .1 In the same year, the United States absorbed over two hundred billion dollars worth of direct foreign investment and was not even slightly sheepish about it.2 Australia, Great Britain and, indeed much of the civilized and semi-civilized world had been doing much the same, albeit in a little less dramatic fashion, for the past decade or in some cases much more.2