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

The exit of a country from an oil cartel can lead to an increase in oil production, 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 oil production. The increase in oil production can lead to a decrease in oil prices, which can have a positive impact on the global economy. According to a study by Kumar (2022), the exit of a country from an oil cartel can lead to an increase in oil production of up to 10%.