...Organization of the Petroleum Exporting Countries | | | | | Headquarters | Vienna, Austria | Official languages | English[1] | Type | Trade bloc | Membership | 12 states (2011)[show] * Algeria * Angola * Ecuador * Iran * Iraq * Kuwait * Libya * Nigeria * Qatar * Saudi Arabia * United Arab Emirates * Venezuela | Leaders | - | President | Rostam Ghasemi | - | Secretary General | Abdallah el-Badri | Establishment | Baghdad, Iraq | - | Statute | September 10–14, 1960 | - | in effect | January 1961 | Area | - | Total | 11,854,977 km2 4,577,232 sq mi | Website www.opec.org | | Currency | Indexed as USD-per-barrel | | | | Current members OPEC has twelve member countries: six in the Middle East, four in Africa, and two in South America. Country | Region | Joined OPEC[25] | Production (bbl/day) | Algeria | Africa | 1969 | 2125000 !2,125,000 (16th) | Angola | Africa | 2007 | 1948000 !1,948,000 (17th) | Ecuador | South America | 2007[A 1] | 0485700 !485,700 (30th) | Iran | Middle East | 1960[A 2] | 4172000 !4,172,000 (4th) | Iraq | Middle East | 1960[A 2] | 3200000 !3,200,000 (12th) | Kuwait | Middle East | 1960[A 2] | 2494000 !2,494,000 (10th) | Libya | Africa | 1962 | 2210000 !2,210,000 (15th) | Nigeria | Africa | 1971 | 2211000 !2,211,000 (14th) | Qatar | Middle East | 1961 | 1213000 !1,213,000 (21st) | Saudi Arabia | Middle East | 1960[A 2] | 8800000 !8,800,000 (1st) | United...
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...Country classification Data sources, country classifications and aggregation methodology The statistical annex contains a set of data that the World Economic Situation and Prospects (WESP) employs to delineate trends in various dimensions of the world economy. Data sources The annex was prepared by the Development Policy and Analysis Division (DPAD) of the Department of Economic and Social Affairs of the United Nations Secretariat (UN/DESA). It is based on information obtained from the Statistics Division and the Population Division of UN/DESA, as well as from the five United Nations regional commissions, the United Nations Conference on Trade and Development (UNCTAD), the United Nations World Tourism Organization (UNWTO), the International Monetary Fund (IMF), the World Bank, the Organization for Economic Cooperation and Development (OECD), and national and private sources. Estimates for the most recent years were made by DPAD in consultation with the regional commissions, UNCTAD, UNWTO and participants in Project LINK, an international collaborative research group for econometric modelling coordinated jointly by DPAD and the University of Toronto. Forecasts for 2014 and 2015 are primarily based on the World Economic Forecasting Model of DPAD, with support from Project LINK. Data presented in WESP may differ from those published by other organizations for a series of reasons, including differences in timing, sample composition and aggregation methods. Historical data may differ...
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...the potential the social dislocation turning to worldwide chaos. The concept of poverty is still debatable and this result into various dimension as far as the conceptual complexity has been understood in a series of fault line including individuals or household measures private consumption only or private consumption in plus publicly provided goods, monetary or monetary plus non-monetary components of poverty, snapshots or timeline, actual or potential poverty, stocks or flow measures of poverty, in put or output measures, absolute or relative poverty. The world bank target of reducing by one-half the portion of people on extreme poverty by 2015 requires the criterion for deciding if an individual or household is poor, it does this in economic term by measuring the persons income and establishing poverty line which represent an income level below which a person is held to be in extreme poverty (Allen etal, 2004) Poverty means lack of development while development implies moving toward getting rid of poverty (Allen etal, 2004). Poverty is not a newly concept but is an age-old concern, in opposite development is an important concept in last 200years and especially in the 50years or since the end of the Second World War. Originally the third world countries were clear non-aligned they have an outcome of more fundamental...
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...goods like chemicals, plastics, paints, medicines etc. Oil is a non-renewable resource and thus has limited supply and due to its many uses has very high demand. Earlier price of oil was mainly influenced by OPEC. Organization of Petroleum Exporting Countries (OPEC) is type of cartel which mainly determines price of oil by actual supply and demand and partly by expectation. A Cartel is a group of sellers of a product who have joined together to control its production, sales, and price to obtain the advantages of monopoly. OPEC allows its members to organize their economic policies to guarantee income and influence of oil prices globally. OPEC was formed at the Baghdad conference in September 1960. The first members were Iraq, Kuwait, Iran, Venezuela, and Saudi Arabia. The organization later included the United Arab Emirates, Qatar, Algeria, Indonesia, Ecuador, Nigeria, Angola, Libya and Gabon. OPEC has a unique structure because its members are not companies but rather countries. As these countries have formed a cartel, the market is served by a monopoly as the primary purpose of a cartel is not only to drive up prices, necessarily, but to drive competitors out of the market. The members not only agree to the total level of production but also about the amount produced by each member. OIL PRICE TREND The following graph shows the trend of crude oil price. The trend line (dotted line) in the graph shows that there was a steep price rise of oil in the period of 1970-1980 and 1990-2010...
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...Economic Commission for Africa The Millennium Development Goals in Africa: Progress and Challenges Economic Commission for Africa The Millennium Development Goals in Africa: Progress and Challenges August 2005 © 2005. Economic Commission for Africa Material from this publication may be freely quoted or reprinted. Acknowledgment is requested, together with a copy of the publication. The views expressed are those of the original authors and do not necessarily reflect those of the United Nations. Project coordinator: Adrian Gauci Editorial coordination: Cristina Müller Team: Abebe Shimeles, Workie Mitiku, Vanessa Steinmayer, Reto Thoenen This report was produced with guidance and input from Augustin Fosu, Director of the Economic and Social Policy Division of the ECA. It benefited greatly from the revisions of Bartholomew Armah and Kwabia Boateng. Special thanks to Lorna Davidson for the final editing, to Akwe Amosu for her valuable input, and to Seifu Dagnachew and Teshome Yohannes for creative and efficient lay-out and production. The report was designed by the ECA Communication Team and printed by the Documents Reproduction and Distribution Unit, in Addis Ababa, Ethiopia. Photo credits (left to right): Front cover- R. Zurba/USAID, J. Dunlop/USAID, R. Zurba/USAID, M. Crozet/ILO. Back cover- J. Maillard/ILO, T. Brunette/USAID, I. Getachew/UNICEF. Table of Contents Acronyms .....................................................................
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...Korea, North Demographics Profile 2013 Home > Factbook > Countries > Korea, North Population | 24,589,122 (July 2012 est.) | Age structure | 0-14 years: 22% (male 2,742,874/female 2,672,199) 15-24 years: 16.5% (male 2,060,206/female 1,998,436) 25-54 years: 44% (male 5,402,999/female 5,416,701) 55-64 years: 8.2% (male 942,529/female 1,064,570) 65 years and over: 9.3% (male 768,703/female 1,519,905) (2012 est.) | Median age | total: 33 years male: 31.4 years female: 34.7 years (2012 est.) | Population growth rate | 0.535% (2012 est.) | Birth rate | 14.51 births/1,000 population (2012 est.) | Death rate | 9.12 deaths/1,000 population (July 2012 est.) | Net migration rate | -0.04 migrant(s)/1,000 population (2012 est.) | Urbanization | urban population: 60% of total population (2010) rate of urbanization: 0.6% annual rate of change (2010-15 est.) | Sex ratio | at birth: 1.05 male(s)/female under 15 years: 1.03 male(s)/female 15-64 years: 0.99 male(s)/female 65 years and over: 0.51 male(s)/female total population: 0.94 male(s)/female (2011 est.) | Infant mortality rate | total: 26.21 deaths/1,000 live births male: 29.05 deaths/1,000 live births female: 23.24 deaths/1,000 live births (2012 est.) | Life expectancy at birth | total population: 69.2 years male: 65.34 years female: 73.24 years (2012 est.) | Total fertility rate | 2.01 children born/woman (2012 est.) | HIV/AIDS - adult prevalence rate | NA | HIV/AIDS -...
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...are evil acts. A person who is involved in crimes is known as a criminal. The word crime, in a broad sense, is defined as an act which violates either a political law or a moral law. In the narrower sense of the term, the word crime is defined as a violation of the criminal law. Most violations that take place at traffic signals on the roads are considered to be breaches of contracts, but they are not considered to be crimes in the legal sense of the term. Anything that is in violation of the penal code of a country is considered to be a crime. Third world The economically underdeveloped countries of Asia, Africa, Oceania, and Latin America, considered as an entity with common characteristics, such as poverty, high birthrates, and economic dependence on the advanced countries. The French demographer Alfred Sauvy coined the expression ("tiers monde" in French) in 1952 by analogy with the "third estate," the commoners of France before and during the French Revolution-as opposed to priests and nobles, comprising the first and second estates respectively. Like the third estate, wrote Sauvy, the third world is nothing, and it "wants to be something." The term therefore implies that the third world is exploited, much as the third estate was exploited, and that, like the third estate its destiny is a revolutionary one. It conveys as well a second idea, also discussed by Sauvy, that of non-alignment, for the...
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...IBC If you would like to receive a printed version, please email your details to CRS@olamnet.com Olam AR 2014_IFC 250914_TH_NEW OK.indd 1 Olam A/R_Final cover Size: 662.5(W)x297(H)mm-ISO39L Olam International Limited Olam International Limited 9 Temasek Boulevard 9 Temasek Boulevard #11-02 Suntec Tower Two #11-02 Suntec Tower Two Singapore 038989 Singapore 038989 Telephone (65) 6339 4100 Telephone (65) 6339 4100 Facsimile (65) 6339 9755 Facsimile (65) 6339 9755 olamgroup.com olamgroup.com Transcending Boundaries Annual Report 2014 Annual Report 2014 olamgroup.com In an effort to reduce our printed material, we have produced this year’s Corporate Responsibility & Sustainability Report on CD. Olam International Limited | Annual Report 2014 Connectivity in the Landscape DC PMS8400c NCL U315188 GP1B 01.10.2014 175# MY C K 2 U 14-023 01/10/2014 21:12 Our Vision To be a differentiated, leading, global agri-business. Our Governing Objective Maximising intrinsic shareholder value over time for our continuing shareholders, in an ethical, socially responsible and environmentally sustainable manner. Olam AR 2014_IFC 250914_TH_NEW OK.indd 2 Olam A/R_Final cover Size: 662.5(W)x297(H)mm-ISO39L Front Cover This year’s cover design celebrates Olam’s 25 years of growth. Our name means ‘transcending boundaries’ and this has inspired our journey since our inception in 1989 in Nigeria. DC ...
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...of Investment Disputes (ICSID) International Monetary Fund (IMF) Regional development banks, such as: * African Development Bank (AFDB) * Asian Development Bank (ADB) * Inter-American Development Bank (IADB) * Bank of the South * European Bank for Reconstruction and Development (EBRD) Other regional financial institutions e.g. European Investment Bank (EIB) Export Credit Agencies of individual country governments, such as: 1. US Export Import Bank (EXIM) 2. Japan External Trade Organization Hermes Kreditversicherungs (Germany) INTERNATIONAL FINANCIAL INSTITUTIONS: Their common goal…… * to reduce global poverty and improve people's living conditions and standards; * to support sustainable economic, social and institutional development; and * to promote regional cooperation and integration. WORLD BANK GROUP:...
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...Student: ANYANGWE Fombang Claudius Course: International Trade and Development: 21st Century Issues Instructor: Prof. Dr. Gustavo Olivares Abstract: Cameroon was one of the few privileged countries to join the World Trade Organization (WTO) in 1995 as a founding member while establishing a Common External Tariff (CET) to enhance intraregional trade under the CEMAC economic bloc. This accession came at a time when Cameroon was implementing drastic structural reforms to handle the scourge of the great economic depression of the 1990s that spread as wildfire across most African countries. In struggling to advance the IMF-World Bank proposed structural reforms of economic liberalization and privatization, WTO was seen as an appropriate panacea for the devastated economic situation by providing a multilateral trading system where Cameroon could gain greater market access for its products and attract foreign direct investment. This paper analyzes the trade and development policies that Cameroon has adopted within the framework of the WTO and other economic partnership agreements in addressing the developmental and economic problems facing Cameroon. The study explores Cameroon’s past and ongoing negotiations geared towards the objectives for an open trade regime. The study concludes that despite the loopholes in WTO that disfavor less developed countries; and the slow pace of Cameroon to implement and notify most of WTO’s trade policy measures, Cameroon stands to benefit much for this...
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...Africans will enter the consumer goods market by 2015. Banking and telecommunications are growing rapidly too, and infrastructure expenditures are rising significantly faster in Africa than in the world as a whole. Not that the growth of the extractive industries won’t be impressive. The continent has more than one-quarter of the world’s arable land. Eleven of its countries rank among the top ten sources for at least one major mineral. Africa will produce 13 percent of global oil by 2015, up from 9 percent in 1998. For many companies, this is a future worth investing in. 2 Africa’s path to growth: Sector by sector Agriculture: Abundant opportunities Kartik Jayaram, Jens Riese, and Sunil Sanghvi Agriculture is Africa’s largest economic sector, representing 15 percent of the continent’s total GDP, or more than $100 billion annually. It is highly concentrated, with Egypt and Nigeria alone accounting for one-third of total agricultural output and the top ten countries generating 75 percent. Africa’s agro-ecological potential is massively larger than its current output, however—and so are its food requirements. While more than one-quarter of the world’s arable land lies in this continent, it generates only 10 percent of global agricultural output. So there is huge...
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...Introduction: The amazing thing about designer's footwear is that it follows the latest trend which the people want to see in their favorite store. The top designers like Thierry Rabotin shoes or Vibram five finger shoes always go for the buyer's choice of style and design at the same time. You can visit a department store or specialty stores for a variety of styles for every family member. If your time is limited, do a search on the internet where you can find a large selection of shoes to fit your needs. These websites make it very convenient for the consumer to order and it can be shipped as early as twenty-four hours. No matter what taste the buyer's has, from casual to formal footwear and from sports footwear to normal walking type shoes, there is an unlimited range that can be confusing for customers as to which one will suit them best. If the price is right, you can purchase more than one pair of shoes There are people who prefer shoes that are comfortable rather than being fashionable. Today's footwear market offers a large selection of styles that comfortable as well as being stylish which is good news for people who have foot problems. Shoe designers have provided all the latest variety in footwear that can be found online or your favorite local store. The latest trends in footwear are often seen on famous celebrities or athletes. Fashion magazines feature the latest styles as well. If you know the brand name, you can search the internet to find what is currently...
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...Islamic Financing for Large Infrastructure Projects Jasper Camacho International Financial Mgmt, Section 1 Fall 2005 Summary This paper examines the growing Islamic finance market and how it is becoming an important source of capital to fund infrastructure projects in the Muslim world. The paper starts by introducing basic tenants of Islamic finance and the problems as it relates to large capital projects. Innovations in Islamic project financing are then introduced along with the complexity that those have to innovations address. The paper concludes with a description of selected recent infrastructure development projects that use Islamic financing. Islamic Project Development Needs Increasing population throughout the Muslim world and the appetite for demand in investment for infrastructure in Muslim populated countries has led an increase need for capital that conforms to Islamic standards (see exhibit 1 for list of Organization of Islamic Countries).1 In many of these countries especially in the Middle East, Central Asia and South East Asia, oil and natural gas deposits push the need for companies to build extraction, transport and refining capacity. In developing countries such as the ones in Africa, Pakistan, and Afghanistan, there is an increasing need for electricity and water desalination stations. These projects are capital especially capital intensive in nature. Islamic Financing Basics Islamic financing is the method of financing that complies with the Shari’ah...
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...& epidemiology Cultural How & why cultures vary or are similar in the past & present Archaeology: study of past cultures Anthropological linguistics: study of language Ethnology: study of existing & recent cultures Archaeology Seek to reconstruct the daily life & customs of peoples who lived in the past but also to trace cultural changes & to offer possible explanations for those changes Deal with prehistory (time before written records) Historical archaeology: studies the remains of recent peoples who left written records Must used info from present & recent past in trying to understand the distant past Linguistics Study of languages Had to construct a dictionary & grammar, then could study the structure & history of language Study changes that have taken place over time Historical linguistics: study of how languages change over time & how they may be related Descriptive: focus of linguistics Discovering & recording the principles that determine how sounds & words are put together in a speech Sociolinguistics: study of how language is used in social contexts Social aspects of language what people speak about & how they interact conversationally Applied Making anthropological knowledge useful Ethnography A description of a society’s customary behaviors and ideas...
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...Demand And Supply Of Crude Oil 10/10/2009 Introduction Crude oil is a naturally occurring substance (i.e., “Fossil Fuel”, formed from organic remains over a period of millions of years) found in certain rock formations in the earth. It is a dark, sticky liquid which, scientifically speaking, is classified as a hydrocarbon. This means, it is a compound containing carbon and hydrogen, with or without non-metallic elements such as oxygen and sulfur. Crude oil is highly flammable and can be burned to create energy. Derivatives from crude oil make an excellent fuel. Uses Different types of oil that are obtained from crude oil are as mentioned below: 1. Ethane and other short-chain alkanes 2. Diesel fuel (petro diesel) 3. Fuel oils 4. Gasoline (Petrol) 5. Jet fuel 6. Kerosene 7. Liquefied petroleum gas (LPG) 8. Natural gas Certain types of resultant hydrocarbons when mixed with other non-hydrocarbons, create other products like: 1. Alkenes (olefins), which can be manufactured into plastics or other compounds. 2. Lubricants (produces light machine oils, motor oils, and greases, adding viscosity stabilizers as required). 3. Wax, used in the packaging of frozen foods, among others. 4. Sulfur or Sulfuric acid. These are useful industrial materials. Sulfuric acid is usually prepared as the acid precursor oleum, a byproduct of sulfur removal from fuels. 5. Bulk tar. 6. Asphalt 7. Petroleum coke, used...
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