The term ‘O Organization’ is commonly used in international business today. It is the term used to describe an Association, which is a group of like-minded businesses working towards a common set of economic objectives. An organization or society that aims to promote, coordinate and improve the coordination of economic activities within a country, promoting economic growth, inclusive economic development, and environmental sustainability.
The G8 (G8 minus eight countries) are an example of a G8 organization. The main goal of this international organization is to enhance economic growth, global trade, and openness in trade. Within its framework are members from the world’s most populous countries -: Japan, China, India, South Korea, Germany, United States, France, Russia, Britain and Canada. This network of countries works hand in hand to stimulate economic progress, global cooperation, sustainable environments, and environmental protection. There are five goals, which are included in the pre-determined terms of the G8. These are to promote international economic growth and integration, enhance the quality of life for all nations, promote international cooperation, improve the management and use of natural resources, and build a stronger global environment.
Within the framework of the G8, there are four core areas which are broadly defined. These are: Environment and sustainable development, economic issues, monetary policy, and international cooperation and diplomacy. Environment and sustainable development is a term which is used to refer to the role that the G8 plays in preventing the deterioration of the earth’s environment. In addition to this, it is also a key factor in economic issues which deals with the reduction of harmful greenhouse gases, the protection of the ozone layer, and measures taken to improve the productivity and quality of the environment. Economic issues deal with the overall health and prosperity of the member countries. These include the amount of trade, investment, and Gross Domestic Product (GDP), inflation rates, trade deficit, foreign exchange trade, budget deficits, trade balance, exchange rate policies, debt and deficit policies, trade protectionism, protection tariffs and restrictions, exchange rates and the role of the International Monetary Fund (IMF).
Subordinate to these, there is an alternative organization which is the European Union (EU). The EU as per its pre-determined decisions takes responsibility for the sufficiency of the environment, human welfare, economy and finance and for the maintenance of peace within the continent. This is an intergovernmental organization, which has a wide range of policies and targets which are defined by its political leaders. This is the reason why many see the EU as a powerful entity with a solid set of sufficing policies.
Within the EU, there is a Secretariat for Co-operation which is led by the High- Representative of the Commission for Europe’s, Mr. Catherine Barnello. This is the lead organs of the Union. There are also a number of other Secretariat offices for the member states which function independently. The Secretariat for Co-operation was set up to coordinate the functioning of the Union in its different activities. For instance, it acts as the central information provider to all the other organs of the Union, the main being the Economic and Financial Relations Office (EFLO).
The Energetic Agency of the Union is yet another subdivision of the Secretariat for Co-operation, which was established in 1961. This agency works on behalf of the Union in the areas of research and technology, space research and space technologies. The Agency was set up to coordinate the overall strategy of the Union in the area of international energy. Among the branches of the Energetic Agency is the European Energy Agency (EEA), the European Nuclear Fuel Agency (NFE) and the European Atomic Energy Agency (EAO).
One of the main activities of the Secretariat for Co-operation is the implementation of programmes which are designed to promote the use of cleaner fuels and energy. It also takes care of the coordination and dialogue with the other member countries of the Union concerning their programmes in this area. For example, in the September 1961, the Commission for the Cooperation in Energy presented a report setting out guidelines for the future development of the international energy agency. The report provided a long term solution to the problems concerning the shortage of fossil fuels, provided for a new energy source and set up an international energy agency.
The first communique of the Slovenia plenipotiates the future objectives of the Union for the coming years. These objectives include the furtherance of the Union’s environmental policy and its policy on international climate change. The Secretariat for Cooperation in Energy believes that the enlargement of the Union will contribute to the fight against global warming. Some of the measures that it may take are the reduction of greenhouse gases, the upgrading of the efficiency of some factories and the exploration of certain geothermal resources.