Impact of International Politics and Role of BRIC Countries

8/8/2019 Impact of International Politics and Role of BRIC Countries

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IMPACT OF INTERNATIONALPOLITICS ON GLOBAL

ECONOMY : ROLE OF OPECGROUP OF COUNTRIES

PREPARED BY :

PROSEN DAS (PG09-77)SOMEN CHATTERJEE(PG09-103)

STUTI SINGH (PG09-105)

VINEETA SHARMA(PG09-119)


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Global Economy

Expansion of economies beyond national borders Expansion of production by transnational corporations to many

countries around the world.

It includes the globalization of production, markets, finance,

communications, and the labour force.


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INTERNATIONAL POLITICS

International Politics is a range of link toforeign affairs department of Government

around the world, International Organizations

as well as material on international trade and

human rights.


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INTERNATIOANL POLITICSAND

GLOBAL ECONOMY

The main three major aspects are:

Capital movement at global level (FDI, FII)

Labor movementFinished goods and services movement

(Imports and Exports)

It also affect

Exchange Rates

Currency domination


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Effect of

international politicson the Global

Economy


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G 8 Summit (1975)

Created by France in 1975

France, United States, United

Kingdom,Russia,Germany,Japan,Italy &Canada

G8summit 1975


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Effect of the summit

June 26, 2010: The leaders of the Group of Eight (G8) industrial

economies have pledged 5 billion dollars, while non-members such asNew Zealand, Norway and the Bill and Melinda Gates Foundation havepledged a further 2.3 billion dollars. To reduce child mortality and savewomen in poor countries from dying in childbirth

June 26,2010: Focus was on the crisis of Greece and the recentdecision to establish a stabilization fund to support European countriesexperiencing economic difficulties.

Israel attack:

They aimed at helping countries to destroy stockpiles of nuclearweapons and preventing the spread of such technologies.


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Cont..

June 16 2008: Soaring Crude oil prices and agriculturalcommodity prices.


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SPECIALABOUTOPEC

OPEC was formed in Baghdad in 1960 to coordinate and unify thepolicies of petroleum exporting nations

The main objective of OPEC is to ensure the stabilization of oilprices in international markets and securing a steady income tooil producing nations

In order to achieve these objectives, the OPEC nations meet atleast bi-annually to decide whether to raise or lower theircollective oil production in order to maintain stable prices

The main factors in their formulating of petroleum policy are theforecasts for economic growth rates and petroleum demand andsupply

The 12 OPEC member countries produce about 40% of the

worlds crude oil, and therefore have a strong influence on the oil


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Documents

Impact of International Politics and Role of BRIC Countries