Globalization and its impact on the Middle East
Looney, Robert E.
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Participation in globalization would be a great contributing factor to obtaining stable economic growth among Middle East states. In fact, globalization and its use in economic development have profound importance both for the region's stability and the global economy. Middle East countries should find a way to use globalization to their benefit. In order to gain this least globalized region's integration into the global economy and promote international institutions' support to the region's economic developmental process, it is important to understand globalization and its impact on the region. While change is inevitable, in this age of modern technology, information, and communication, it is not in the Middle East countries' best interest to close their doors to global integration. Thus, it is crucial to look at globalization's actual definition, the perception from the Middle East states' point of view, and globalization's impact on the region. A closer look at this new driving force of the world will indicate both its positive and negative impact on the Middle East economy. Systematic and methodical understanding of those impacts is required to develop the region's economy and to have it gain stability. This may lead the region to a desirable economic pattern.
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