D. OPEC – Organization of Petroleum Exporting Countries – These countries export oil and they are located mostly in the Middle East.

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Presentation transcript:

D. OPEC – Organization of Petroleum Exporting Countries – These countries export oil and they are located mostly in the Middle East.

Iceland, Norway, and Switzerland did not join the European Union. The Euro is a type of money in the EU.

ASEAN is composed of countries in Southeast Asia. China, Japan, and Korea are NOT members!

OPEC has members in South America, Africa, and the Middle East.

A. More efficient industries B. Access to larger markets C. Access to natural, human, and capital resources D. Greater influence on world market Disadvantages A. Closing of some industries B. Concentration of some industries, leaving peripheral areas behind C. Agribusiness replacing family farms D. Difficulty in agreeing on common economic policies