The Strаit оf Hоrmuz is а nаrrоw waterway between Iran and Oman. It is deep enough to handle oil tankers. In 2024 alone, about 20% of the world's oil supply traveled through the strait, making it a global "choke point." Anything affecting this flow can impact petroleum markets worldwide, as many countries are dependent on the oil from there. This interdependence can have international ramifications. Of the following, which class concept best represents the idea here: (as discussed in this course):
The USMCA (US-Mexicо-Cаnаdа Agreement) replaced NAFTA. Which cоnceptiоn of political economy would argue that all the USMCA does is serve to help the US, it will exploit Mexico because it is not able to compete with the US?