During the 1950s, many observers regarded the expansion of Soviet oil exports as a serious threat to Western political and economic interests. Finland was the first non-communist European country that started to buy Soviet oil on a large scale. This made the country vulnerable to Soviet...

This article argues that cartels can in certain circumstances be a source of power for the small and weak nations, and that this aspect has often been overlooked in current public discussions about cartels, which tend to emphasize their negative effects. In particular, we will look at export...