Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalisation revision - Coggle Diagram
Globalisation revision
-
It governs common economic, social and security policies of its member states.
According to the EU website, the objectives of the EU are to establish European citizenship, ensure freedom, justice
and security, promote economic and social progress, and assert Europe's role in the world.
The capital of the European Union is Brussels, Belgium.
-
The increased regulations regarding farming and industry, leading to better and safer products.
-
Strong regulations regarding banking and financial markets making it more resilient to global financial crises.
-
-
Consumers have lower prices, more choice and job opportunities.
-
-
-
-
-
-
-
OPEC’s original member countries were Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were later joined over
the course of the next 14 years by Qatar, Indonesia, Libya, the UAE, ALgeria, Nigeria and Ecuador (who suspended
-
Gabon also joined in 1975 but terminated its membership in January 1995, then re-joined in July 2016.
-
-
Its founding members were Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
Its headquarters are in Vienna, Austria.
-
OPEC membership is open to any substantially oil producing country, and their members coordinate policies on oil
-
The company aims to stabilise oil prices, ensure an efficient supply of oil and all while protecting the interests of its
member nations, which may have different ideas.
-
-
OPEC aims to make trading oil/petroleum for some of the worlds biggest oil-exporting countries a fair and safe trade,
ensure that all countries both charge and receive fair prices for their produce and to provide enough petroleum for
-
-
-
-
-
If they rapidly increase production, oil prices will drop and so oil producing countries will lose money.
They control their own supply though a system of output quotas, which means that they could easily raise or lower
-
-
-
Its member countries are Canada, the USA and Mexico.
-
Their objective was to eliminate most tariffs and other restrictions on free trade and investment for its member countries
NAFTA’s agreements are that all tariffs on North American goods to be phased out within ten years of establishment,
-
Canadian companies have closed due to larger, lower cost US firms.
-
-
-
Trade between the member countries tripled between 1993 and 2007,
-
-
-
Increased tension between countries, e.g. Mexico and Canada sanctioned the USA $3 billion worth due to the meat
-