Who will never join EEU: Moldova, Uzbekistan, Turkmenistan, Georgia (Russia invaded them in 2008) If Ukraine goes, all these other countries might go too Ukraine has big economy, but cannot seem to get back on track, big military after Russia Putin’s plan for EEU: grow it into powerful supernationalist union of states (very similar to EU) 3.9- The AU and SCO African Union and Shanghai Cooperation Organization Why have trade blocks not worked in Africa?
They are POOR! And poor people don’t buy shit Most exports/imports outside Africa SCO- Russia and china are primary members Don’t know what their main mission is, they are new and still feeling things out They are working together to encourage trade, but of specific commodities, specifically energy resources like natural gas OPEC= cartel, not a trade block What is a cartel? -it is a formal agreement between competing businesses to control most of a resource Why can businesses control more when they work together? Well, when they compete with each other, it lowers the price of the product A cartel can do the reverse, by increasing the price When cartels own a certain product, they can fix the supply and set the price, they all charge the same price and make more money OPEC- organization of petroleum exporting countries (they deal with oil resources) Who are the members of OPEC? Algeria, Ecuador, Venezuela, Libya, Nigeria, Angola, iraq, iran, Kuwait, Qatar, UAE, Saudi Arabia With OPEC, these 12 countries nationalized their oil industries These countries own and control everything about oil in their perspective countries Its not the governments that are in OPEC, it’s the countries oil industries Could the US ever join OPEC? No, but its not because the OPEC countres hate the US, in fact, most of them hate each other The real reason the US cannot join is because it doesn’t control its oil industry and also does not export oil The OPEC countries projects the demand for world oil the next year and then they divvy it up for every state to produce a certain amount These countries do not agree on anything except oil
You've reached the end of your free preview.
Want to read all 4 pages?