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The Cartel Restriction Act Of 1979: Response To A Global Economic Problem, Albert Gore, Jr.
The Cartel Restriction Act Of 1979: Response To A Global Economic Problem, Albert Gore, Jr.
Vanderbilt Journal of Transnational Law
The potential for workable cartels presently exists in several commodities, and host-countries and multinationals have already initiated or attempted cartel activities in minerals and agricultural goods. The recent success of the OPEC cartel was a significant factor influencing the formation of the uranium cartel by easing corporate and governmental inhibitions against cartel activities. Given the increasing exploitative attitude among developed countries and what has been termed the "irrational solidarity" among developing countries, it is not unreasonable to expect more imitations of OPEC success wherever market conditions would allow a group of producers to extract monopoly rents from consuming nations. Such …