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ORIGIN OF OPEC Organization of Petroleum Exporting Countries (0PEC) , comprises of 13 third world petroleum producing countries , formed in 1960 to promote and protect the interest of its members. OPEC as an organization was formed as a reaction to the exploitative motives of multinational companies, which as at that time were controlling oil operation in the oil producing countries in 1960.   Five oil producing countries met in Baghdad the capital of Iraq to form a union that will fight against the exploitative tendencies of multinational companies. The five countries that held the meeting were; Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Some other countries later joined the organization because of its effort in curtailing the activities of the oil companies. Countries like Algeria (1969), Nigeria (1971), Gabon and United Arab Emirate (1973), joined the organization.     AIMS AND OBJECTIVES OPEC was established so as to stabilize… Read More »ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES



Origin of U.N.O The United Nation Organization came into being on October 24, 1945 as a successor to the League of Nations, which collapsed as a result of the Second World War. The formation of the U.N.O. was led by the victorious powers, which were United Kingdom, America, Russia and China. The United Nation has its headquarters in New York, United States of America. Admission into the U.N.O is open to all peace loving countries.   The Principles of U.N.O Respect for the sovereign equality of all nations. Provision of military assistance to troubled states when it is called to do so. Promotion of democratic principles. Maintenance of international peace and security. The use of force in settling dispute should be discouraged. Peaceful settlement of disputes. Unity and cooperation among member nations.   Aims and Objectives of the U.N.O To maintain international peace and security. To settle disputes through peaceful… Read More »UNITED NATION ORGANIZATION



ORGANS AND THEIR FUNCTIONS OF COMMON WEALTH OF NATIONS The following are the organs of the Commonwealth of Nations and their functions. The Prime Minister’s Conference; the prime minister’s conference is the highest organ of the Commonwealth. This organ is composed of the Heads of State and government of member-states or their accredited representatives.   FUNCTIONS OF COMMON WEALTH OF NATIONS Approval of Budget: It is the sole responsibility of the Prime Minister’s of member-states to receive and approve the budget of the organization. Appointment of the Secretary-General: It is the body that appoints the Secretary-General of the organization. Discussion of Problems: The Prime ministers of member-states discuss issues, problems as they affect member states and give recommendations or solutions for such problems. Power of Sanction: The Prime minster of member-states has the power to sanction any member that does not adhere to the aims and objectives upon which the… Read More »ORGANS, FUNCTIONS, ACHIEVEMENTS AND PROBLEMS OF COMMON WEALTH OF NATIONS

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