HL Powers, Places and Networks - Powerful global organisations + groups

Question 1

What nations are part of the G7?

Answer 1

• USA
• France
• UK
• Canada
• Germany
• Italy
• Japan

Question 2

When were the G7 set up?

Answer 2

In 1970s

Question 3

Why were the G7 set up?

Answer 3

In response to rising oil prices + OPEC’s greater influence over global oil supplies

Question 4

When did Russia join and why/when were they later suspended?

Answer 4

Joined in 1998
- were suspended in 2014 because of their activities in Ukraine

Question 5

What is the OECD?

Answer 5

Organisation for Economic Cooperation and Development
- formed in 1960 and made up of USA, Canada + 18 European nations

Question 6

How many members does the OECD now have?

Answer 6

37 members (HICs + MICs)

Question 7

What do the OECD do?

Answer 7

Works together with governments, policy makers + citizens to find solutions to a range of social, economic + environmental challenges

Question 8

What is the aim of the OECD?

Answer 8

• shape policies that improve social/economic well-being of all
• promote new economic growth + push green economy
• ensure multinationals pay a fair share of tax
• establish healthy public finances
• improve education policies
• develop ethical supply chains
• develop workers skills
• promote gender equality

Question 9

What is OPEC?

Answer 9

Organization of the Petroleum Exporting Countries

Question 10

What are the possible impacts or issues of OPEC controlling prices?

Answer 10

• Middle Eastern countries gain political and economic power + influence
• Developed nations need to maintain favourable political relations with the Middle East
• Incentives for industrialised nations to develop alternative energy supplies
• Investment in energy conservation techniques