Word: investments
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Dates: during 1980-1989
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...ACSR, though, deserves credit for essentially expanding its own role beyond merely advising the Corporation on shareholder resolutions; it should continue to play an active role in focusing attention on the University's responsibility to invest ethically...
Last February the Reagan Administration proposed a three-pronged effort to bolster the Caribbean economies and prevent them from being drawn into the Communist orbit. The plan would allow most exports from the region to enter the U.S. duty-free, give a tax credit to encourage American companies to invest in the Caribbean, and grant an additional $350 million in direct economic assistance this year...
Instead of stepping up investments, though, many U.S. corporations, out of fear of terrorism and revolution, are actually scaling back their activities in the area. Said Richard Feinberg, a visiting fellow at the Overseas Development Council: "Businessmen looking at the turmoil there are certainly more inclined to withdraw funds than to invest more money, regardless of the apparent incentives." Added Joseph Grunwald, a senior fellow at the Brookings Institution: "I don't see U.S. business rushing down there. The profit prospects are simply not very encouraging...
...tiny island nation of Dominica (pop. 80,000) also has great expectations. Last November investors from the U.S. and Dominica opened a $400,000 sports-clothing plant in a new industrial complex. Says Prime Minister Eugenia Charles: "The Reagan initiative might just turn the tide as to whether people invest here or not." But so far it looks as if those and other high hopes about Reagan's Caribbean proposals are unlikely to be fulfilled. -By John Greenwald. Reported by Gisela Bolte/Washington and Bruce van Voorst/New York
Nonetheless, certain issues have caused conflict between the two bodies--like South Africa, or, this year's debate over whether to invest in companies which produce nuclear weapons. The nuclear arms question is a good example of the kind of logic used by the Corporation when it opposes the ACSR on a particular issue. This key to understanding the process is the word procedent...