opec (organization of the petroleum exporting countries)
3 episodes mention this concept
EconomicsExplainedApr 23, 2020Negative Oil Prices Explained: The Economics of a Commodity Turned Garbage
EconomicsCrude oilNegative value itemsOpportunity costSupply and demand- EconomicsExplainedMar 12, 2020
The Economic Transformation of the UAE: From Pearl Diving to a Global Business and Tourism Hub
EconomicsEconomic diversificationNatural resource wealthResource curseFactors of production - EconomicsExplainedNov 14, 2019
The Economic Failure of Venezuela: Mismanaging Oil Wealth and the Perils of Dutch Disease
EconomicsNationalization of oil productionOPEC (Organization of the Petroleum Exporting Countries)State-owned oil company (PDVSA)Corruption
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Related concepts
Concepts that appear alongside opec (organization of the petroleum exporting countries) across episodes.
- economic diversification
- resource curse
- post-colonial development
- crude oil
- corruption
- economic hub
- bureaucracy
- speculators
- hedging
- nationalization of oil production
- tax-free economy
- supply and demand
- state-owned oil company (pdvsa)
- natural resource wealth
- derivatives
- crowding out
- inelastic demand
- government welfare programs
- futures contracts
- foreign labor migration