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Geopolitics, Oil Law Reform, and Commodity Market Expectations
OKLAHOMA LAW REVIEW VOLUME 63 WINTER 2011 NUMBER 2 GEOPOLITICS, OIL LAW REFORM, AND COMMODITY MARKET EXPECTATIONS ROBERT BEJESKY * Table of Contents I. Introduction .................................... ........... 193 II. Geopolitics and Market Equilibrium . .............. 197 III. Historical U.S. Foreign Policy in the Middle East ................ 202 IV. Enter OPEC ..................................... ......... 210 V. Oil Industry Reform Planning for Iraq . ............... 215 VI. Occupation Announcements and Economics . ........... 228 VII. Iraq’s 2007 Oil and Gas Bill . .............. 237 VIII. Oil Price Surges . ............ 249 IX. Strategic Interests in Afghanistan . ................ 265 X. Conclusion ...................................... ......... 273 I. Introduction The 1973 oil supply shock elevated OPEC to world attention and ensconced it in the general consciousness as a confederacy that is potentially * M.A. Political Science (Michigan), M.A. Applied Economics (Michigan), LL.M. International Law (Georgetown). The author has taught international law courses for Cooley Law School and the Department of Political Science at the University of Michigan, American Government and Constitutional Law courses for Alma College, and business law courses at Central Michigan University and the University of Miami. 193 194 OKLAHOMA LAW REVIEW [Vol. 63:193 antithetical to global energy needs. From 1986 until mid-1999, prices generally fluctuated within a $10 to $20 per barrel band, but alarms sounded when market prices started hovering above $30. 1 In July 2001, Senator Arlen Specter addressed the Senate regarding the need to confront OPEC and urged President Bush to file an International Court of Justice case against the organization, on the basis that perceived antitrust violations were a breach of “general principles of law.” 2 Prices dipped initially, but began a precipitous rise in mid-March 2002. -
Federal Register/Vol. 83, No. 221/Thursday, November 15, 2018
Federal Register / Vol. 83, No. 221 / Thursday, November 15, 2018 / Notices 57529 (dba Ameron Missouri) for use as sub- placed on OFAC’s Specially Designated Street 8th, Ghaem Magham Farahari Ave., station. On October 22, 2018, the FAA Nationals and Blocked Persons List (the Tehran 1586868513, Iran; website determined that the request to release ‘‘SDN List’’) based on OFAC’s www.calcimin.com; Additional Sanctions property at the St. Louis Lambert determination that one or more Information—Subject to Secondary Sanctions [SDGT] [IFSR] (Linked To: IRAN ZINC International Airport (STL) submitted applicable legal criteria were satisfied. MINES DEVELOPMENT COMPANY). by the Sponsor meets the procedural All property and interests in property Designated pursuant to section 1(c) of E.O. requirements of the Federal Aviation subject to U.S. jurisdiction of these 13224 for being owned or controlled by IRAN Administration and the release of the persons are blocked, and U.S. persons ZINC MINES DEVELOPMENT COMPANY, a property does not and will not impact are generally prohibited from engaging person determined to be subject to E.O. future aviation needs at the airport. The in transactions with them. 13224. 4. QESHM ZINC SMELTING AND FAA may approve the request, in whole DATES: See SUPPLEMENTARY INFORMATION or in part, no sooner than thirty days REDUCTION COMPANY (a.k.a. QESHM section for applicable date(s). ZINC SMELTING AND REDUCTION after the publication of this Notice. FOR FURTHER INFORMATION CONTACT: COMPLEX), 20 Km Dargahan-to-Loft Road, The following is a brief overview of OFAC: Associate Director for Global Qeshm Island, Hormozgan, Iran; website the request: Targeting, tel.: 202–622–2420; Assistant www.gzsc.ir; Additional Sanctions St. -
Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran
Research memo Biden, Congress Should Defend Terrorism Sanctions Imposed on Iran By Richard Goldberg, Saeed Ghasseminejad, Behnam Ben Taleblu, Matthew Zweig, and Mark Dubowitz January 25, 2021 During a Senate Foreign Relations Committee hearing to consider Antony Blinken’s nomination for secretary of state, Blinken was asked whether he believed it is in America’s national security interest to lift terrorism sanctions currently imposed on Iran, including sanctions targeting Iran’s central bank, national oil company, financial sector, and energy sector. “I do not,” Blinken responded. “And I think there is nothing, as I see it, inconsistent with making sure that we are doing everything possible – including the toughest possible sanctions, to deal with Iranian support for terrorism.”1 Bipartisan support for terrorism sanctions targeting Iran goes back to 1984, when the United States first designated the Islamic Republic as a State Sponsor of Terrorism. Since then, every U.S. president2 – Republican or Democrat – and Congress have taken steps to reaffirm U.S. policy opposing Iran’s sponsorship of terrorism and tying sanctions relief to Iran’s cessation of terror-related activities. President Joe Biden has pledged to rejoin the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), if Iran returns to “strict compliance” with the agreement.3 Terrorism sanctions on Iran, however, should not be lifted, even if the Biden administration opts to return to the deal, unless and until Iran verifiably halts its sponsorship of terrorism. This memorandum provides an overview of Iran’s past and ongoing involvement in terrorism-related activities, a review of longstanding bipartisan congressional support for terrorism sanctions on Iran, and a list of terrorism sanctions currently imposed on Iran that should not be lifted. -
GCC Oil Exporters and the Future of the Dollar Forthcoming in New Political Economy
Title: GCC Oil Exporters and the Future of the Dollar Forthcoming in New Political Economy Author: Bessma Momani- Assistant Professor University of Waterloo and Senior Fellow, Centre for International Governance and Innovation Bio: Dr. Bessma Momani is Assistant Professor at the University of Waterloo and a Senior Fellow at the Centre for International Governance and Innovation. Dr. Momani has written on the US Middle East Free Trade Area, Euro-Med initiative, economic integration of the GCC, EU-GCC free trade agreement, economic liberalization in Egypt, and extensively on the International Monetary Fund. In addition to three monographs, her articles have appeared in World Economics, International Journal, Review of International Political Economy, Review of International Organizations, World Economy, Global Society, Middle East Review of International Affairs, New Political Economy, Canadian Journal of Political Science, and Asian Affairs. Abstract: Since the early 1970s, the oil-exporting states of the Gulf Cooperation Council (GCC) led by Saudi Arabia, have played a key role in supporting the value of the US dollar by invoicing oil trade oil in dollars and by investing in US dollar reserves and securities. However, the United States‟ negative fiscal and current account positions have made many nervous about the sustainability of the US dollar as an international reserve currency. This article asks whether the GCC oil exporters will undermine the future of the dollar. Three factors are considered: the GCC‟s influence in changing the dollar-based invoicing of oil; emerging patterns in petrodollar recycling; and, the potential for diversification of GCC official reserves. The findings of this article suggest that despite some economic rationales in favour of loosening ties to the dollar, in the short term at least, the GCC will remain loyal to the dollar for political and security reasons. -
Spatial Epidemiology of Rabies in Iran
Aus dem Friedrich-Loeffler-Institut eingereicht über den Fachbereich Veterinärmedizin der Freien Universität Berlin Spatial Epidemiology of Rabies in Iran Inaugural-Dissertation zur Erlangung des Grades eines Doktors der Veterinärmedizin an der Freien Universität Berlin vorgelegt von Rouzbeh Bashar Tierarzt aus Teheran, Iran Berlin 2019 Journal-Nr.: 4015 'ĞĚƌƵĐŬƚŵŝƚ'ĞŶĞŚŵŝŐƵŶŐĚĞƐ&ĂĐŚďĞƌĞŝĐŚƐsĞƚĞƌŝŶćƌŵĞĚŝnjŝŶ ĚĞƌ&ƌĞŝĞŶhŶŝǀĞƌƐŝƚćƚĞƌůŝŶ ĞŬĂŶ͗ hŶŝǀ͘ͲWƌŽĨ͘ƌ͘:ƺƌŐĞŶĞŶƚĞŬ ƌƐƚĞƌ'ƵƚĂĐŚƚĞƌ͗ WƌŽĨ͘ƌ͘&ƌĂŶnj:͘ŽŶƌĂƚŚƐ ǁĞŝƚĞƌ'ƵƚĂĐŚƚĞƌ͗ hŶŝǀ͘ͲWƌŽĨ͘ƌ͘DĂƌĐƵƐŽŚĞƌƌ ƌŝƚƚĞƌ'ƵƚĂĐŚƚĞƌ͗ Wƌ͘<ĞƌƐƚŝŶŽƌĐŚĞƌƐ ĞƐŬƌŝƉƚŽƌĞŶ;ŶĂĐŚͲdŚĞƐĂƵƌƵƐͿ͗ ZĂďŝĞƐ͕DĂŶ͕ŶŝŵĂůƐ͕ŽŐƐ͕ƉŝĚĞŵŝŽůŽŐLJ͕ƌĂŝŶ͕/ŵŵƵŶŽĨůƵŽƌĞƐĐĞŶĐĞ͕/ƌĂŶ dĂŐĚĞƌWƌŽŵŽƚŝŽŶ͗Ϯϴ͘Ϭϯ͘ϮϬϭϵ ŝďůŝŽŐƌĂĨŝƐĐŚĞ/ŶĨŽƌŵĂƚŝŽŶĚĞƌĞƵƚƐĐŚĞŶEĂƚŝŽŶĂůďŝďůŝŽƚŚĞŬ ŝĞĞƵƚƐĐŚĞEĂƚŝŽŶĂůďŝďůŝŽƚŚĞŬǀĞƌnjĞŝĐŚŶĞƚĚŝĞƐĞWƵďůŝŬĂƚŝŽŶŝŶĚĞƌĞƵƚƐĐŚĞŶEĂƚŝŽŶĂůďŝͲ ďůŝŽŐƌĂĨŝĞ͖ ĚĞƚĂŝůůŝĞƌƚĞ ďŝďůŝŽŐƌĂĨŝƐĐŚĞ ĂƚĞŶ ƐŝŶĚ ŝŵ /ŶƚĞƌŶĞƚ ƺďĞƌ фŚƚƚƉƐ͗ͬͬĚŶď͘ĚĞх ĂďƌƵĨďĂƌ͘ /^E͗ϵϳϴͲϯͲϴϲϯϴϳͲϵϳϮͲϯ ƵŐů͗͘ĞƌůŝŶ͕&ƌĞŝĞhŶŝǀ͕͘ŝƐƐ͕͘ϮϬϭϵ ŝƐƐĞƌƚĂƚŝŽŶ͕&ƌĞŝĞhŶŝǀĞƌƐŝƚćƚĞƌůŝŶ ϭϴϴ ŝĞƐĞƐtĞƌŬŝƐƚƵƌŚĞďĞƌƌĞĐŚƚůŝĐŚŐĞƐĐŚƺƚnjƚ͘ ůůĞ ZĞĐŚƚĞ͕ ĂƵĐŚ ĚŝĞ ĚĞƌ mďĞƌƐĞƚnjƵŶŐ͕ ĚĞƐ EĂĐŚĚƌƵĐŬĞƐ ƵŶĚ ĚĞƌ sĞƌǀŝĞůĨćůƚŝŐƵŶŐ ĚĞƐ ƵĐŚĞƐ͕ ŽĚĞƌ dĞŝůĞŶ ĚĂƌĂƵƐ͕ǀŽƌďĞŚĂůƚĞŶ͘<ĞŝŶdĞŝůĚĞƐtĞƌŬĞƐĚĂƌĨŽŚŶĞƐĐŚƌŝĨƚůŝĐŚĞ'ĞŶĞŚŵŝŐƵŶŐĚĞƐsĞƌůĂŐĞƐŝŶŝƌŐĞŶĚĞŝŶĞƌ&Žƌŵ ƌĞƉƌŽĚƵnjŝĞƌƚŽĚĞƌƵŶƚĞƌsĞƌǁĞŶĚƵŶŐĞůĞŬƚƌŽŶŝƐĐŚĞƌ^LJƐƚĞŵĞǀĞƌĂƌďĞŝƚĞƚ͕ǀĞƌǀŝĞůĨćůƚŝŐƚŽĚĞƌǀĞƌďƌĞŝƚĞƚǁĞƌĚĞŶ͘ ŝĞ tŝĞĚĞƌŐĂďĞ ǀŽŶ 'ĞďƌĂƵĐŚƐŶĂŵĞŶ͕ tĂƌĞŶďĞnjĞŝĐŚŶƵŶŐĞŶ͕ ƵƐǁ͘ ŝŶ ĚŝĞƐĞŵ tĞƌŬ ďĞƌĞĐŚƚŝŐƚ ĂƵĐŚ ŽŚŶĞ ďĞƐŽŶĚĞƌĞ <ĞŶŶnjĞŝĐŚŶƵŶŐ ŶŝĐŚƚ njƵ ĚĞƌ ŶŶĂŚŵĞ͕ ĚĂƐƐ ƐŽůĐŚĞ EĂŵĞŶ ŝŵ ^ŝŶŶĞ ĚĞƌ tĂƌĞŶnjĞŝĐŚĞŶͲ -
Iran Business Guide
Contents Iran Chamber of Commerce, Industries & Mines The Islamic Republic of IRAN BUSINESS GUIDE Edition 2011 By: Ramin Salehkhoo PB Iran Chamber of Commerce, Industries & Mines Iran Business Guide 1 Contents Publishing House of the Iran Chamber of Commerce, Industries & Mines Iran Business Guide Edition 2011 Writer: Ramin Salehkhoo Assisted by: Afrashteh Khademnia Designer: Mahboobeh Asgharpour Publisher: Nab Negar First Edition Printing:June 2011 Printing: Ramtin ISBN: 978-964-905541-1 Price: 90000 Rls. Website: www.iccim.ir E-mail: [email protected] Add.: No. 175, Taleghani Ave., Tehran-Iran Tel.: +9821 88825112, 88308327 Fax: + 9821 88810524 All rights reserved 2 Iran Chamber of Commerce, Industries & Mines Iran Business Guide 3 Contents Acknowledgments The First edition of this book would not have been possible had it not been for the support of a number of friends and colleagues of the Iran Chamber of Commerce, Industries & Mines, without whose cooperation, support and valuable contributions this edition would not have been possible. In particular, the Chamber would like to thank Mrs. M. Asgharpour for the excellent job in putting this edition together and Dr. A. Dorostkar for his unwavering support . The author would also like to thank his family for their support, and Mrs. A. Khademia for her excellent assistance. Lastly, the whole team wishes to thank H.E. Dr. M. Nahavandian for his inspiration and guidance. Iran Chamber of Commerce, Industries & Mines June 2011 2 Iran Chamber of Commerce, Industries & Mines Iran Business Guide 3 -
Payandan Shareholders
PAYANDAN PAYANDAN 1. Company Background Creative Path to Growth Payandan Shareholders PAYANDAN Payandan’s shares belong to Mostazafan Foundation of Islamic Revolution. • Mostazafan Foundation owns 49% • Sina Energy Development Company owns 51% Mostazafan Foundation of Islamic Revolution Sina Energy Development Company PAYANDAN Mostazafan Foundation of Islamic Revolution PAYANDAN SEDCO Sina Financial Paya Saman Pars (Oil & Gas) & Investment Co (Road & Building) Sina Food Industries Iran Housing Group Saba Paya Sanat Sina (Power & Electricity) (Tire, Tiles, Glasswork, Textile, Etc) Ferdos Pars Sina ICT Group (Agriculture) Parsian Tourism Kaveh Pars & Transport Group (Mining) Alavi Foundation Alavi Civil (Charitable) Engineering Group Sina Energy Development Holding Company PAYANDAN SEDCO as one of subsidiaries of The Mostazafan Foundation of Islamic Revolution is considered one of pioneer holding companies in area of oil & gas which aims on huge projects in whole chains of oil and gas. Payandan (Oil & Gas General Contractor) North Drilling (Offshore Drilling) Pedex (Onshore Drilling) Behran (Oil Refinery Co) Dr Bagheri SEDCO Managing Director Coke Waste Water Refining Co Payandan in Numbers PAYANDAN +40 1974 Years ESTABLISHED +1400 +4000 EMPLOYEES CONTRACTOR +200,000,000 $ ANNUAL TURNOVER 75 COMPLETED PROJECTS Company Background PAYANDAN • 48” Zanjan-Mianeh Pipeline • 56” Saveh-Loushan • South Pars – SP No. 14 Pipeline (190KM) • South Pars – SP No. 13 • 56" Dezfoul- Kouhdasht Pipeline (160KM) 1974 1996 2003 2005 2007 2009 2011 2013 2015 2017 • Nargesi Gas • F & G Lavan • 56” Asaluyeh Gathering & • South Pars – SP Pipeline Injection No. 17 & 18 • 30” Iran- Payandan is • South Pars – SP No. 22,23,24 Armenia established (oil and • 48” Iraq Pipeline Naftkhane- Pipeline gas contractor) Baghdad (63KM) (113KM) • 56” Naeen-Tehran Gas Pipeline (133KM) • Parsian Gas Refinery • 56” Loushan-Rasht Gas Pipeline (81KM) • Pars Petrochemical Port • Arak Shazand Refinery • Kangan Gas Compressor Station • South Pars – SP No. -
Inheriting the Yugoslav Century: Art, History, and Generation
Inheriting the Yugoslav Century: Art, History, and Generation by Ivana Bago Department of Art, Art History and Visual Studies Duke University Date:_______________________ Approved: ___________________________ Kristine Stiles, Supervisor ___________________________ Mark Hansen ___________________________ Fredric Jameson ___________________________ Branislav Jakovljević ___________________________ Neil McWilliam Dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Department of Art, Art History and Visual Studies in the Graduate School of Duke University 2018 ABSTRACT Inheriting the Yugoslav Century: Art, History, and Generation by Ivana Bago Department of Art, Art History and Visual Studies Duke University ___________________________ Kristine Stiles, Supervisor ___________________________ Mark Hansen ___________________________ Fredric Jameson ___________________________ Branislav Jakovljević ___________________________ Neil McWilliam An abstract of a dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Department of Art, Art History and Visual Studies in the Graduate School of Duke University 2018 Copyright by Ivana Bago 2018 Abstract The dissertation examines the work contemporary artists, curators, and scholars who have, in the last two decades, addressed urgent political and economic questions by revisiting the legacies of the Yugoslav twentieth century: multinationalism, socialist self-management, non- alignment, and -
Geopolitics of the Iranian Nuclear Energy Program
Geopolitics of the Iranian Nuclear Energy Program But Oil and Gas Still Matter CENTER FOR STRATEGIC & CSIS INTERNATIONAL STUDIES A Report of the CSIS Energy and National Security Program 1800 K Street, NW | Washington, DC 20006 author Tel: (202) 887-0200 | Fax: (202) 775-3199 Robert E. Ebel E-mail: [email protected] | Web: www.csis.org March 2010 ISBN 978-0-89206-600-1 CENTER FOR STRATEGIC & Ë|xHSKITCy066001zv*:+:!:+:! CSIS INTERNATIONAL STUDIES Geopolitics of the Iranian Nuclear Energy Program But Oil and Gas Still Matter A Report of the CSIS Energy and National Security Program author Robert E. Ebel March 2010 About CSIS In an era of ever-changing global opportunities and challenges, the Center for Strategic and International Studies (CSIS) provides strategic insights and practical policy solutions to decision- makers. CSIS conducts research and analysis and develops policy initiatives that look into the future and anticipate change. Founded by David M. Abshire and Admiral Arleigh Burke at the height of the Cold War, CSIS was dedicated to the simple but urgent goal of finding ways for America to survive as a nation and prosper as a people. Since 1962, CSIS has grown to become one of the world’s preeminent public policy institutions. Today, CSIS is a bipartisan, nonprofit organization headquartered in Washington, D.C. More than 220 full-time staff and a large network of affiliated scholars focus their expertise on defense and security; on the world’s regions and the unique challenges inherent to them; and on the issues that know no boundary in an increasingly connected world. -
See the Document
IN THE NAME OF GOD IRAN NAMA RAILWAY TOURISM GUIDE OF IRAN List of Content Preamble ....................................................................... 6 History ............................................................................. 7 Tehran Station ................................................................ 8 Tehran - Mashhad Route .............................................. 12 IRAN NRAILWAYAMA TOURISM GUIDE OF IRAN Tehran - Jolfa Route ..................................................... 32 Collection and Edition: Public Relations (RAI) Tourism Content Collection: Abdollah Abbaszadeh Design and Graphics: Reza Hozzar Moghaddam Photos: Siamak Iman Pour, Benyamin Tehran - Bandarabbas Route 48 Khodadadi, Hatef Homaei, Saeed Mahmoodi Aznaveh, javad Najaf ...................................... Alizadeh, Caspian Makak, Ocean Zakarian, Davood Vakilzadeh, Arash Simaei, Abbas Jafari, Mohammadreza Baharnaz, Homayoun Amir yeganeh, Kianush Jafari Producer: Public Relations (RAI) Tehran - Goragn Route 64 Translation: Seyed Ebrahim Fazli Zenooz - ................................................ International Affairs Bureau (RAI) Address: Public Relations, Central Building of Railways, Africa Blvd., Argentina Sq., Tehran- Iran. www.rai.ir Tehran - Shiraz Route................................................... 80 First Edition January 2016 All rights reserved. Tehran - Khorramshahr Route .................................... 96 Tehran - Kerman Route .............................................114 Islamic Republic of Iran The Railways -
13952 Wednesday MAY 26, 2021 Khordad 5, 1400 Shawwal 14, 1442
WWW.TEHRANTIMES.COM I N T E R N A T I O N A L D A I L Y 8 Pages Price 50,000 Rials 1.00 EURO 4.00 AED 43rd year No.13952 Wednesday MAY 26, 2021 Khordad 5, 1400 Shawwal 14, 1442 EU welcomes extension Skocic names Iran 29 mining projects Iranian, Russian universities of surveillance deal squad for World Cup ready to go operational launch Iranistica between Iran, IAEA Page 3 qualifiers Page 3 across Iran Page 4 Encyclopedia project Page 8 Zarif holds high- level talks in Azerbaijan TEHRAN – Iranian Foreign Minister Iran presidential lineup Mohammad Javad Zarif has embarked See page 3 on a tour of the South Caucasus region amid soaring border tensions between Azerbaijan and Armenia. The chief Iranian diplomat began his tour with a visit to Baku where he met with Azerbaijani President Ilham Aliyev on Tuesday. Continued on page 3 Water projects worth over $185m inaugurated TEHRAN – Iranian Energy Minister Reza Ardakanian on Tuesday inaugurated seven major water industry projects valued at 7.81 trillion rials (about $185.9 million) through video conference in three prov- inces, IRIB reported. Put into operation in the eighth week of the ministry’s A-B-Iran program in the current Iranian calendar year (started on March 21), the said projects were inaugurated in Hormozgan, Fars, and Kurdestan provinces. Continued on page 4 “Ambushing a Rose” published in eight languages TEHRAN – Eight translations of “Ambushing a Rose”, a biography of Lieutenant-General Ali Sayyad Shirazi who served as commander of Ground Forces during the Iran–Iraq war, have recently been published. -
Overseas Market Information Country Profile
Overseas Information Overseas Market Information Country Profile - Iran Economic Overview Import in the Engineering Sector Iran’s economy is heavily dependent on oil revenues. Though oil Given below is a table showing total import by Iran in the sector’s share of GDP has declined from 30-40% in 1970s to engineering sector during 2001-2002 and 2002-2003 : 15.2% during 2001-2002, the oil exports accounted for over 80% (Value in US$ Million) of the Country’s total export revenue and 40-50% of the Government budget. The economy was hit hard by the plunge Sl. No. Product Groups 2001-02 2002-03 % change in oil prices in 1997-1998 and early 1999 but have since 1. Industrial and mechanical recovered with the rebound in oil prices. Overall economic machinery & equipment 3471.2 3702.2 6.7 activity during the last three successive years has been strong 2. Industrial and electric with real GDP growing by 5.7% (2000-2001), 4.8% (2001-2002) instruments 1494.5 1354.8 (-) 9.3 and 5.8% (2002-2003). The share of different sectors in GDP 3. Ironware 1512.2 1304.6 (-) 13.7 during 2002-2003 was as follows : 4. Agricultural and road Oil & Gas - 18.6% construction machinery 408.0 366.0 (-) 10.4 TOTAL 6885.9 6727.6 (-) 2.3 Agriculture - 11.8% Industries & Mining - 19.4% Major Countries of Import Services - 50.2% Main sources of Iran’s import are Germany, Switzerland, UAE, The Third Five-Year Plan (which began in March 2000), targets France, Italy, South Korea, China, Russia, Japan, Brazil, UK and the creation of 750,000 new jobs per year, average annual real India etc.