Word: embargos
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Dates: during 2000-2009
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Also in attendance was Steven C. Schwadron, chief of staff to Rep. William Delahunt, D-Mass., who is co-chairman of a congressional committee that is examining ways to reduce or eliminate the Cuban embargo...
...deterred from exporting them. The question is how such deterrence can be both tough and (more or less) bloodless. The unsexy field of economics may hold an answer: take away the regime’s incentive to supply its goods to the nuclear market by imposing a total embargo on all trade between North Korea and other nations. (An exemption could be made for food aid.) The embargo would amount to a quarantine along North Korea’s borders and coast, enforced by the U.S., Japan, Russia, China and South Korea. Although no quarantine could make smuggling impossible...
Might not the DPRK retaliate militarily against such a draconian embargo? Not necessarily—the regime would not welcome a war between the United States and North Korea any more than we would. Of course, the risk exists. But what are the alternatives? Strike militarily and guarantee war? Stand by while nukes are sold to the highest bidder...
...some ways, business is brisk. The new Iraqi dinar has shown surprising strength, given the violence, rising 30% against the dollar since it was introduced by U.S. officials last December, as Iraqis have begun to earn and spend far more money than ever. Baghdad's stores--depleted by the embargo--now have stacks of televisions, microwave ovens and Dell computers, and satellite dishes are propped on the balconies of most Baghdad apartment blocks. The roads are jammed with BMWs and Mercedes freshly imported from Dubai. In February another item banned by Saddam--the cell phone--finally hit the streets...
...Paul Bremer. The entrepreneurs on the ground say the know-how they have developed through these hair-raising months will give them a hugely valuable edge over latecomers. Despite anti-U.S. sentiments among some Iraqis, most are hungry for things American after years of living under the embargo and being barred from traveling to the West. U.S. officials still expect big American companies with the new construction contracts to flood the country with subcontracting deals and other spending. Westmacott and Mulhern will be here, waiting. They are guessing that the latecomers will need everything from high-speed Internet service...