Word: embargos
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Mounting concern for the plight of hungry Iraqi citizens is also forcing Washington and its European allies to temper their hard-line stance on continued economic sanctions. The drumbeat to ease the embargo began when Prince Sadruddin Aga Khan, who heads the U.N.'s relief efforts in the gulf, warned that food and medicine shortages presented "a humanitarian crisis that could degenerate into a catastrophe." His recommendation: a U.N.-regulated sale of Iraqi oil to raise $2.6 billion, enough to cover humanitarian needs for the next four months. Last week the Bush Administration reluctantly supported a one-time-only...
Most impressive, in contrast to the U.S., has been the government's overhauling of the national infrastructure. In the 1970s, pressured by the oil embargo and fearful of falling far behind its German neighbor, France decided ( to rebuild its road and rail network, update the telecommunications system and revolutionize its power-generating structure. Those projects alone account for $250 billion in long-term investment...
Though dissenters are both numerous and vehement, the consensus of analysts, South African and foreign, is that enough progress has been made to speed the embargo on its way to oblivion, as President George Bush did last week. As a positive incentive to keep reform going, he rescinded the bans on most trade with South Africa and on new investment in the country, enacted in 1986 over Ronald Reagan's veto...
...registered without sanctions. Predictions that the sanctions would hurt black workers most have come true. Black unemployment is estimated at 40% to 45%, vs. a 10% jobless rate for whites. Another prediction made by opponents of sanctions, however, has proved quite wrong. It had been widely forecast that the embargo would provoke a laager (circling the wagons) mentality among whites, a nose-thumbing determination to defy world opinion. That happened in Rhodesia in the late 1960s, but exactly the opposite seems to have occurred in South Africa: the | shock of finding themselves moral outcasts stung many of the nation...
...bully ((Saddam Hussein)) to go back on this solemn agreement." In theory, the U.S. and its allies could resume air attacks if Saddam does not turn over the calutrons and any other bombmaking gear for destruction, as the cease-fire resolution commands. At minimum, they will continue the trade embargo that is strangling the Iraqi economy...