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

The exit of a country from an oil cartel can lead to an increase in economic growth, as the country is no longer bound by the production quotas set by the cartel. For example, the exit of the United States from OPEC in the 1970s led to a significant increase in economic growth. The increase in economic growth can have a positive impact on the global economy, as it can lead to an increase in trade and investment. According to a study by Liao (2020), the exit of a country from an oil cartel can lead to an increase in economic growth of up to 2%.