Get to know the characteristics of the Middle East economy - Asia ...
Get to know the characteristics of the Middle East economy
It is rich in natural energy resources Speaking of the Middle East, including Japan, the countries of the world relies for the majority of oil imports to the Middle East.
Speaking of the Middle East might have a strong impression that [the security is poor location poor].
But countries that situation as Qatar and Kuwait is stable even in the Middle East, benefiting from abundant natural resources, we are in rather wealthy economic conditions.
Oil-dependent country financial difficulties?
On the other hand a number of Middle East countries, the industrial structure has been specializing in the export of natural resources, located in the state of so-called monoculture economy.
While oil prices will fall, countries such as relies most of the revenue to the petroleum (eg Saudi Arabia) are suffering from financial difficulties.
Cause of poverty is monoculture economy
Even though much blessed with natural resources, and do not use the money obtained in exports to the development of domestic industries, the economy is not up the middle people.