Word: hufbauer
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Dates: during 1991-1991
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...very factor that made sanctions a modest success against South Africa, though, may make that success unrepeatable. Sanctions have been instituted 115 times since World War I, but usually without much effect. Gary Hufbauer, professor of international finance at Georgetown University, calculates that only 30% of the restrictions imposed during the past decade have had even a marginal effect in changing a target nation's policies...
Reaction has been mixed. Gary Hufbauer, a Georgetown University economist, estimates that a Social Security tax cut would create a million jobs and thus add a million extra contributors to the trust fund. But Republican Senator Phil Gramm of Texas warns against "soaking the rich." Says he: "We should be debating tax cuts, but we shouldn't mess with Social Security. The system isn't broke: don't fix it." The plan's critics argue that it could cost the federal government $50 billion a year in lost revenue, a claim challenged by Moynihan...
...they were too narrow, like those imposed by the U.S. on Poland after martial law was declared in 1981, or poorly policed, like the U.N. oil and arms embargo directed at South Africa. But the sanctions against Iraq are more potent than any since World War II, says Gary Hufbauer, a professor of international finance at Georgetown University. Everything moving in and out of the country is affected, and much of the world is participating. Observes Hufbauer: "This is isolation of magnificent proportions...