OPEC

OPEC has a monopoly over the petroleum in the world. They are able to monitor prices to keep the market stable. This showed globalization because the oil was exported to the world through the world market. It was originally an alliance of the countries on the Arabian Penninsula but has now spread to the countries seen in the map below.

Created by: Alexa DeAntonio, Allie Pinosky, and Clare Wolf.