Word: chiles
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Committee members decided to support the proposal because they thought ARCO's invesments in Chile had a significant effect in stabilizing Pinochet's military government, Detley F. Vagts '49, professor of law and chairman of the committee, said yesterday...
Womack added that the withdrawal of all U.S. investments from Chile would severely undermine the operation of Pinochet's military regime. "They [the military leaders] would not be able to carry out the economic policies they propose. They would go broke, effectively. Hopefully the government would then fall," he said...
...halt in foreign investment may not induce the Chilean regime to change its policies, Mary L. O'Connor, who has prepared reports on corporate activity in Chile for the Investor Responsibilty Research Center, a Washington consulting firm, said yesterday...
...Some people would say cutting off investments in Chile would only make Pinochet more intransigent. Instead, he would turn to other countries for aid," she added...
...ARCO resolution resembles the pattern of shareholder resolutions meant to bring public attention to corporate activities in South Africa, Lawrence F. Stevens '65, secretary of the ACSR, said yesterday. He added, however, that he could not speculate why activist shareholders singled out South Africa and Chile as targets for their proposals when many other developing countries have poor human rights records...