e/Megacorpstate

Information
has gloss	eng: A megacorpstate is a cartel involving both groups of large, multinational corporations, with oligopolistic power, and a group of nation states. Inspired by Alfred Eichner’s term "megacorp" (Eichner, 1976), J. Barkley Rosser, Jr. introduced the term in 1981 to describe the combination of the leading multinational oil corporations and the Organization of Petroleum Exporting Countries (OPEC) in 1973 that engineered a substantial increase in world oil prices. While many focused on conflicts between these groups due to the increased power of OPEC relative to the companies, especially the then dominant Seven Sisters (Sampson, 1975), coordination was argued to occur through Saudi Aramco where four of those companies had close relations with Saudi Arabia, the dominant nation in OPEC, and the main instigator of the 1973 oil price increase. While both OPEC and this reputed megacorpstate would lose monopoly power in the mid-1980s, a new form of it may have arisen in the last few years.
lexicalization	eng: megacorpstate
instance of	c/Economic problems