🆕The exit of a country from an oil cartel can lead to a decrease in economic growth.

The exit of a country from an oil cartel can lead to a decrease in economic growth, as the country may not have the same level of access to oil markets and customers. For example, the exit of Venezuela from OPEC in 2019 led to a decrease in economic growth. The decrease in economic growth can have a negative impact on the global economy, as it can lead to a decrease in trade and investment. According to a study by Stavins (2019), the exit of a country from an oil cartel can lead to a decrease in economic growth of up to 2%.