Impact of Withdrawal and Disinvestment from South Africa on the U.S. Economy: Hearing Before the Subcommittee on Domestic Monetary Policy of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-ninth Congress, First Session, September 26, 1985
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
U.S. Government Printing Office, 1985 - Corporate divestiture - 268 pages
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According action active ADDITIONAL agencies American apartheid apartheid system banks believe Board called Center Chairman Christ Coalition Committee companies computers concern Consortium continue corporations Council disinvestment divestment economic effect effort Fauntroy firms force foreign funds groups hearing holdings human important increase industry institutions interests investment in South involved issue largest laws leaders legislation lending loans major March Michigan military million minerals mining Ministries movement Office pension percent political position practices present President pressure primary filer principles Protestant question recent Reformed representatives resolution Responsibility result sanctions sector shareholders Sisters social Society South Africa South African government SPONSOR statement steel strategic suffering Sullivan supply Thank tion trade U.S. banks United Church VOTE withdrawal workers World York
Page 86 - Independence that all men are created equal ; that they are endowed by their Creator with certain inalienable rights ; that among these are life, liberty, and the pursuit of happiness.
Page 30 - We have asked the world to apply economic pressure on South Africa's government. We have said that this is a peaceful way of bringing about those changes that our country so desperately needs. And the very people in the Western World who keep on telling us that we must not react with violence refuse to support us when we ask them to join us in nonviolent efforts to bring about the fall of apartheid. I do not understand that...
Page 34 - I, Ronald Reagan, President of the United States of America, find that the policies and actions of the Government of South Africa constitute an unusual and extraordinary threat to the foreign policy and economy of the United States and...
Page 31 - Which people in the world fighting for their human dignity, or their freedom, can expect the oppressor to give them that freedom on a silver platter? It doesn't happen. It didn't happen in the United States of America when this country was fighting Britain; it didn't happen elsewhere in the world .... And...
Page 113 - It is my view, therefore, that if apartheid has not in fact ended legally and actually as a system statutorially within the next 24 months there should be a total US economic embargo against South Africa and the withdrawal of all American companies and that it will be followed hopefully by similar actions by other nations and companies in South Africa from those measures. There are those who say...
Page 26 - To ask our partner churches in other countries to continue with their efforts to identify and promote effective economic pressures to influence the situation in South Africa, towards achieving justice and peace in this country and minimising the violence of the conflict.
Page 206 - The Corporation has no present need for, and has no intention of, further expanding its productive capacity in South Africa. The single most important factor in the creation of a more promising investment climate in South Africa is a positive resolution of the country's pressing social problems, which have their origin in the apartheid system.
Page 28 - To express our belief that disinvestment and similar economic pressures are now called for as a peaceful and effective means of putting pressure on the South African government to bring about those fundamental changes this country needs.
Page 101 - Modern free enterprise and its need for a well-educated, well-trained work force may prove to be one of the greatest enemies of apartheid. The most direct evidence of this is the realization in the South African business community that future profits depend upon South Africa becoming a modern, technological society, and that this cannot be achieved under the economic straitjacket of a political ideology that limits human potential and restricts freedom.