Word: kjeldsen
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Dates: during 1980-1989
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President Carter's retaliatory measures will pinch but they are unlikely to punish the Soviet Union seriously.His principal move-the cutoff of grain sales-is a good show of short-term strength, yet its long-term value is arguable. Says Richard Kjeldsen, senior international economist for the Security Pacific National Bank: "I cannot think of a single unilateral embargo that has been effective. Nor can I think of an instance in the past when wheat-producing countries have actually got together to function in some concerted, cartel-like operation. An embargo on grain shipments is simply a very leaky...
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