The exit of a country from an oil cartel can lead to an increase in trade, as the country is no longer bound by the production quotas set by the cartel. For example, the exit of Qatar from OPEC in 2019 led to an increase in trade. The increase in trade can have a positive impact on the global economy, as it can lead to an increase in economic growth. According to a study by Li (2020), the exit of a country from an oil cartel can lead to an increase in trade of up to 5%.
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