OECD, OPEC & EU: An Overview PDF

Title Lorem Ipsum - is an international organization that promotes policies aimed at improving the economic and social well-being of people worldwide. - founded in 1961, with 38 member countries - mostly high income countries - Economic policy - Education - Employment - Environment - Innovation -...

Title Lorem Ipsum - is an international organization that promotes policies aimed at improving the economic and social well-being of people worldwide. - founded in 1961, with 38 member countries - mostly high income countries - Economic policy - Education - Employment - Environment - Innovation - Trade Role of OECD 1. Policy Development ◦Shape policies that impact global economic growth, trade etc. ◦Offering evidence-based recommendations to 2. Data and Research - collects and analyzes economic and social data around the world - provide reliable statistics and reports to make informed decisions 3. Global Standards - sets international standards in areas such as taxation, corporate governance, environmental practices - help harmonize policies across countries for more effective global governance 4. Promoting Sustainable Growth - focuses on issues: inequality, environmental sustainability, digital transformation - help countries transition 5. Fostering International Collaboration - serves as forum for dialogue - promote cooperation - exchange of 6. Monitoring and Accountability - peer reviews and regular reports - member countries are held accountable Organizati on of the Petroleum Exporting Countries -Is an intergovernmental organization that coordinates and unifies the petroleum policies of its member countries to ensure the - Founded in September 14, 1960 in Bagdad Iraq - Founded by 5 countries ( Iran, Iraq, Kuwait, Saudi Arabia, Venezuela) - 13 member countries - Located at Vienna Austria - Official language: English Aim of OPEC - Coordinate unify the Petroleum policy of members countries - Ensure the stabilization of oil price - Regular supply to petroleum to consumer - Fair return on capital to those - Influence the global oil prices and maintain stability in the oil market - Uses production quotas to manage the output of oil from its member states - Impact on the global EUROPEAN UNION - a political and economic union of 27 European countries that are bound together by shared laws, policies, and goals to foster economic cooperation, stability and peace in Europe - established in 1993 - United kingdom left in 2020 Reasons why UK left - Wants reforms in European Union - Link between immigration and EU membership - Sovereignty, anti- establishment politics - Brexit – withdrawal of United Key Facts: - Single market and customs union - Eurozone - Institutions - European commission – proposes and enforces laws - European council – consists of heads of state and sets EU’s political agenda - European parliament – directly elected by EU citizens and participates in law-making - Court of Justice of the European Union (CJEU) – ensures that the law is interpreted and applied uniformly across member states - Policies and achievements - peace and stability - human rights and democracy - environmental protection - consumer protection and trade