10 of worlds population 15 incr trillion GDP Also has associate members China

10 of worlds population 15 incr trillion gdp also has

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- 10 % of world’s population - 1.5 (incr.) trillion GDP - Also has associate members: China, Japan, and South Korea, India, Australia, and New Zealand - Future of Asia, could soon have 60-70% of world’s population VIII. EU: European Union
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- Complex/big - Trade block is how it started/strength - 27 states: 16-17 TRILLION GDP, biggest economy on planet Q: Why Europe? - WAR!
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- WWI, WWII = ultimate destruction= EU - ECSC: European Coal and Steel Community: 1951 - Economic union to control resources, work together - Original 6 real European core: - France, Germany, Italy, Belgium, Luxembourg, Netherlands - 1957: merged ECSC w/ atomic energy agency - EEC : European Economic Community - 1993: EU - Common currency, economic policy, political union, military procedures Q: Why is EU still growing? - More money Q: Why do rich countries want to stay in? - Want to get richer too. - EU does compete w/I the US, CHINA, and JAPAN Characteristics: - Free movement of goods - No tariffs - Free movement of people/labor - Working toward foreign policy - Have common monetary unit, bill of rights, court system, environmental and energy policy
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- MODEL FOR THE WORLD? IX. Economic Blocks Cont. AU: African Union - Hasn’t worked in Africa Q: Why haven’t they worked? - They are poor - Imports/exports outside Africa (not trading w/I Africa) SCO: Shanghai Cooperation Org: - New trade block, economics important but not main goal. - Not sure what main mission is.
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OPEC: Org. of Petroleum Exporting Countries: - Cartel is not a trade block, - Cartel is a formal agreement between competing business to control most of a resource - Fix supply so they can set price - Members : Angola, Nigeria, Algeria, Libya ,Iraq, Iran, Kuwait, Qatar, UAE, Saudi Arabia, Ecuador, Venezuela - nationalized their oil industries - want stable prices (not too high) - Set price to high and countries will look for alternatives
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- Major Non-OPEC oil producers : Russia, Mexico, Norway Q: Could US ever be a part of OPE? - NOOO, US doesn’t control its oil industry, doesn’t export oil De Beers : Diamond Cartel - In past has been labeled as a monopoly (when a SINGLE entity controls a resource/service) - Google a monopoly?, 1 st monopoly on digital information, can dictate information available - US is anti-monopoly, cartel X. Why work together: Security And Defense: - SN org. based on security/defense/peace - 1919: League of Nations - failed, US and others didn’t want to join - 1945: United Nations, “Global Government” Pacts of Non-Aggression/Defense Pacts - Leading up to WWII, Russia and Germany signed a pact of non-aggression - Defense Pacts : - More common
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- Once you get attacked, well help you out and vice versa - WWI caused by this - Strong defense will cause people not to attack NATO (North Atlantic Treaty Org 1946), Warsaw Pact (1955), Shanghai Cooperation (2001) - Are the biggest groups - Most military powerful UN: Mission and Structure: - “the smurfs”: light blue outfits - Mission: resolve international conflict, help/levitate/end conflicts - 192 members: all agreed to prevent genocide like the Holocaust, human rights and protection is #1 priority
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