Middle East economy, challenges of development
Summary
. Middle East countries of economic growth
Economic growth in the Middle East countries, has been stable transition after entering the 1980s, and has a sense of how could break away from the state in which wavers between hope and fear to the volatility of oil prices. However, only when the oil price of only to change the financial stable is maintained, the Middle East oil-producing countries of the economy is in the situation that has been propped up is caused by oil revenues, the oil in the energy consumption of the world in the future It plays a major role or, departure from petroleum dependency economy is not easy in the Middle East oil-producing countries.
. Diversity and cause of the occurrence of the Middle East countries of the economic structure
When we calculate the correlation coefficient between oil prices and the country's economic growth rate, even in the Middle East oil-producing country that is the economic structure of oil export overemphasis, with respect to dependence, already is that the difference has occurred Recognize.
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