This economic modernization in the Middle East, could only be a short term success which does not guarantee the successful and stable economic development of oil rich states and the region as a whole in the long term. The Middle East, despite its vast reserves of oil, is still considered a developing region due to the high reliance on oil revenues and rather weak production sector of the economy as well as due to some political factors such as lack of democracy, corruption, reluctance to the reforms and other issues. There are various reasons as to why the Middle East is still considered a developing region despite its oil wealth. Natural resource revenues have also been linked to slow economic growth rates, inequality, and poverty. One culprit may be "Dutch disease," which was discussed earlier. Other factors may include the volatility associated with commodity prices, which can have especially negative impacts on weak-state economies; and the underdevelopment of agricultural and manufacturing sectors during boom periods in resource-based economies. And even when oil abundance produces high growth, it often benefits only a few corrupt elites rather than translating into higher living standards for most of the population. Corruption is one of the economic deficiencies which can weaken economic growth and development; thus it is considered as an important impediment to economic growth and political stability, particularly in developing countries. The dependence on a
The Middle East has been considered as one of the most important crossroads of international trade for many centuries. In the second century, the Silk Route was connected in the Middle East which connected important trading areas including Europe, the Mediterranean, Central Asia and China (Paczynka 12). The important role that the Middle East plays in the trading world has further expanded in the Eighteenth Century. Finally, this role further expanded in the twentieth century. During this particular
Economic Injustice In Education System
Abstract
This paper is presented with the empirical investigation of the inequality of education opportunities, that are limitless, effected by economic injustice throughout the Middle East and North Africa (MENA). The inequality of opportunities, plays a significant role in the lack of educational achievements in the Middle East and MENA countries. Gender equality, poverty, and community can be significant reason on why younger adults are not given
How does a state 's natural resource wealth influence its economic development? For the past fifty years, versions of this question have figured prominently in debates over dependency theory, economic dualism, a proposed New International Economic Order, East Asia’s success, and Africa’s collapse. Since the late 1980s, economists and political scientists have produced a flood of new research that bears witness to this question. There is now strong evidence that states with abundant resource wealth
effect of political ambiguity on economic development: The case of MENA
Contents
1. INTRODUCTION 4
2. TECHNOLOGY AND DEVELOPMENT STRATEGY 6
2.1 High technology strategy 11
2.2 Medium technology strategy 11
2.3 Low technology strategy 12
3. Agglomeration and Cluster Effect 13
4. Risk, Uncertainty and Ambiguity 16
4.1. Decision under Risk 18
4.2. Decision under Ambiguity 21
4.3. Political ambiguity in Middle East and North Africa 23
5. DEVELOPMENT UNDER POLITICAL AMBIGUITY IN MENA
change in the world economy occurred, marked by globalization each country has different speed of development under different political and cultural background. During this period, Such as the United States of America 's economic status from the rapid development to the decline, then move to the current stable trend. Brazil, Russia, India, China, which named ‘BRCIS’ those developing countries’ economic performances are very catch the attention in recent years. The decline and rise of these countries
contrast life in foraging societies with life in agricultural societies after the Agricultural Revolution
Identify two key changes in early African history that resulted in a new period in the history of the region
The Middle East
Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e.
Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e.
Polytheism
Judaism
Christianity
Asia
Compare the origins and tenets of
shaping the globe. Reasons for why correlations between political violence in the Middle East and the geopolitics of oil can be connected is due to the Middle East being one of the most prominent locations in the world to refine oil along with the regions long history of political and economic turmoil. Examining the history of the Middle East throughout the years, it can be said that, both internally and externally Middle Eastern nations are heavily involved in oil related conflicts against one another
easy to argue that there are examples of both successful democracies and dictatorships (especially in regards to the Middle East and the North Africa region), as well as examples of those that are failing, particularly in an economic sense. Whilst it is indeed argued that the introduction of democracy to many of the Middle Eastern countries may indeed encourage economic development, there are also many arguments as to the benefits that non-democratic countries can achieve in the same field. The example
Ever since the establishment of an Israeli state in the Middle East, there has been no time of peace between the many nations. After Israel was declared a nation, it was immediately rejected by the Palestinians and they rejected the partition of Palestine. Ever since then, Israel has been at war with its surrounding Middle Eastern neighbors multiple times. There has been a multitude of attempts to try and broker a peace throughout the Middle East and not a single plan has stood the test of time. The
Century of Violence in the Middle East
The Middle East has always been an extremely restless region. Throughout its whole history, this region was shaken by various wars and conflicts. The beginning of the 20th century can be considered one of the most significant points in the history of this area. After the discovery of some resources, it became interesting for some greater powers of the world in economic terms. As a result, economic reasons for discord of the Arab states of this region was added