Globalization and Its Impact on the Middle East
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
Pagination or Media Count:
Participation in globalization would greatly contribute to stable economic growth among Middle Eastern states. Globalization and its affect on economic development have profound importance both for the regions stability and the global economy. Middle Eastern countries should find a way to use globalization to their benefit. The challenge to globalization exists at the state level in the Middle East. Most countries in the region have accepted the principles of economic liberalization and the need for adoption of World Trade Organization WTO standards. In spite of this, there is a real fear of globalization because of its negative connotations as a pro-Western phenomenon. This fear has shaped the regions relations with the West. Globalization is the result of enormous progress in Information Technology in recent decades. It is an economic term that signifies free movement of goods, services, labor, and capital across borders. However, the perception of this concept in the Middle East is different from anywhere else in the world. It is critical for the West to understand the Middle Easts perception of globalization so that it can reestablish a positive economic and political relationship with the Middle Eastern states. It is not in the Middle Easts best interests to close its doors to global integration. This thesis examines the potential positive and negative effects of globalization on the Middle East.
- Economics and Cost Analysis
- Government and Political Science