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The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 as a cartel. What is a cartel? In what manner did OPEC intend to conduct itself as a cartel? Analytically, account for OPECs rise in power. Provide an instance when cartel-behavior on the part of OPEC was compromised. Account the decline in OPEC’s influence. In your view, from the standpoint of global IPE, was the world better off with a powerful or, weak, OPEC? Explain with a systemic and subsystemic levels-of-analysis.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91951525

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