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OPEC

economic principles

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Economic Principles ? PAGE \* MERGEFORMAT ?1? ECONOMIC PRINCIPLES Student?s name Course Name Instructor Institution State/City Date Economic Principles Question two Products made from crude oil There are several products that use crude oil as the main input, some of them include, Petrochemicals, Liquefied petroleum gas, Gasoline, Naphtha, fuel oil, bitumen, and niche products. Ideally, there are many oil producing countries in the world. The top ten largest oil producing countries are as follows: United States, Saudi Arabia, Russia, China, Canada, United Arab Emirates, Iran, Iraq, Mexico, and Kuwait.

Globalization in Iran

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Iran Historical: Entered globalization in 1906 as they created a constitution that developed democratic principles. 3 Consequences: 1. Growing disparity between urban and rural areas. 2. Cut back in government spending and education along with health care. 3. Limited evolution since the colonial period. 3 Barriers: 1. Lack of new improved technology. 2. Too dependent on their natural resource wealth. Reducing Barriers: The now have a desire for political unity. FDI: Shell gas is involved in negotiations between Iran and Chinese oil companies. Total Oil gas company has complete control of the oil fields in Doroud and Balal. Corporations Contribute: Yes, they do because they are looking for cheap labor and Iran is managing to keep them by maintaining low standards for laborers.
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