OPEC and the WTO: Uneasy Relations?
Article from: OGEL 1 (2003), in Roundup of Articles
Summary
OPEC and the WTO are two of the most visible international economic organisations today. However, they are often associated with two diametrically opposed players in the global economy: the WTO with the sometimes savage rules of the market and OPEC with the often demonised intergovernmental manipulation of prices. Many believe that OPEC and the WTO do not have anything in common, arguing that OPEC’s domain of oil does not have anything to do with the WTO. Indeed, each time oil succeeds in occupying the news headlines - which it does perhaps too frequently, often because of some form of ...