Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962) – suspended its membership from January 2009; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its headquarters in Geneva‚ Switzerland‚ in the first five years of its existence. This was moved to Vienna‚ Austria‚ on September 1‚ 1965.
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’Organization Of Petroleum Exporting Countries - OPEC’ An organization consisting of the world’s major oil-exporting nations. The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 to coordinate the petroleum policies of its members‚ and to provide member states with technical and economic aid. OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market‚ in order to avoid fluctuations that might affect the economies of both producing
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INTRODUCTION A cartel is a group of formally independent producers whose goal it is to fix prices‚ to limit supply and to limit competition. Cartels are prohibited by antitrust laws in most countries; however‚ they continue to exist nationally and internationally‚ formally and informally. A single entity that holds a monopoly cannot be a cartel‚ though it may be guilty of abusing said monopoly in other ways. As such‚ it is inaccurate to describe (for example) Microsoft or AT&T as cartels. Cartels
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shallow. 13 challenging the production leveling. 14 challenging the production leveling and market diversification‚ 15 kanban accelerate the improvements. 16 carrying carts at kanban 17 elastic nature of kanban. Further development: In 1973 oil crisis is occur‚ so many company stopped their profit ‚ but Toyota manufacturing company is still working . After World War 2‚ America cut cost of mass production car. Japanese also followed this strategy. America has generated wonderful production
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known as an era of “stagflation”. Efforts to strengthen America’s anticommunist allies drove the nation’s manufacturing industry into merchandise trade deficit. Global energy shortage had Nations all over the world depending on the Middle East for oil. The combination of women in work force and returning soldiers from Vietnam dramatically increased the nation’s unemployment rate. High unemployment rate coincided with high inflation and energy shortage ended the post-World War II economic boom known
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Ingvar Kamprad and IKEA 1. What do you think was the main reasons for IKEA’s success in Sweden and other Scandinav countries in the period up to 1973? To begin with we have to resituate the context; we are now in the post war boom era when a lot of industries on both sides‚ even in Germany‚ developed substantially and very rapidly. We are now in a wealthier and reborn Europe. As a result new needs started to appear; back in those days‚ it was for example customary to hand down custom-made furniture
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started in 1958 with the creation of the Philippine Atomic Energy Commission (PAEC) under Republic Act 2067. Under a regime of martial law‚ Philippine President Ferdinand Marcos in July 1973 announced the decision to build a nuclear power plant. This was in response to the 1973 oil crisis‚ as the Middle East oil embargo had put a heavy strain on the Philippine economy‚ and Marcos believed nuclear power to be the solution to
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Since 1968‚ the countries comprising the Organization of Petroleum Exporting Countries (OPEC)‚ and particularly those bordering the Persian/Arabian Gulf‚ have been moving toward a markedly different view of their mineral resources. With the recent oil embargo and the concomitant use of petroleum as a "weapon‚" the transformation is complete; the States involved now consider their natural resources to be a political tool 1 rather than simply an income-producing good. Instrumental in this transformation
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Republic Act 2067. Under a regime of martial law‚ Philippine President Ferdinand Marcos in July 1973 announced the decision to build a nuclear power plant. This was in response to the 1973 oil crisis‚ as the Middle East oil embargo had put a heavy strain on the Philippine economy‚ and Marcos believed nuclear power to be the solution to meeting the country’s energy demands and decreasing dependence on imported oil. Construction on the Bataan Nuclear Power Plant began in 1976 and was completed in 1984 at
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2012/7/28 Background In U.S.‚ offshore drilling is a controversial topic due to its two-side effect‚ it had been banned since 1980s‚ but in 2010‚ the president Obama decided to Lifted restrictions and opened vast expanses of American coastlines to oil and natural gas drilling to reduce gas prices in U.S.‚ whether it is necessary to allow the offshore drilling has become a troublesome problem. This paper will discuss the advantage and disadvantage of the offshore drilling. Offshore drilling refers
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