The opec in the context of contemporary challenges

Abstract

The modern international scene is developing rapidly, it is full of problems and contradictions. Actually, the role played by some global actors is growing, whereas the level of the impact of the other ones on the world political development is declining gradually. Certainly, both sides of this fact relates to, inter alia, various international organizations (e.g. UN, NATO, GATT/WTO, OPEC), which globally gained momentum as significant players in the second half of the 20th century and are generally continuing to occupy an important place within the present system of international relations. It is suggested to talk about the role of the Organization of the Petroleum Exporting Countries (OPEC) in the changing world today in this article.