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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 populationVIII.EU: European Union
-Complex/big-Trade block is how it started/strength-27 states: 16-17 TRILLION GDP, biggest economy on planet•Q: Why Europe?-WAR!
- 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
-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.
•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
-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?, 1stmonopoly on digital information, can dictate information available-US is anti-monopoly, cartelX.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
- 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