In the 1970s,some developing economies with certain natural resources managed to gain some power over more industrialized economies through the work of which organization?

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The Organization of the Petroleum Exporting Countries (OPEC) gained significant power and influence over industrialized economies during the 1970s by controlling the supply and price of oil. This allowed OPEC member countries, many of whom were developing economies, to exert greater economic leverage and negotiate more favorable trade deals with industrialized nations. The International Monetary Fund (IMF) and World Bank were involved in global economic affairs during this period, but did not have the same impact on developing economies' power dynamics as OPEC did. The World Trade Organization (WTO) did not exist until 1995.

In the 1970s,some Developing Economies with Certain Natural Resources Managed