Question

Analyze how events in the middle east illustrate economic interdependence.

Answer 1

Middle Eastern events illustrate economic interdependence through oil trade's impact on global markets, regional conflicts affecting food security, and dependency on exports of natural resources for national wealth.

Step-by-step explanation:

The events in the Middle East demonstrate economic interdependence through various political, geographic, and economic circumstances that are inextricably linked to the global economy. For instance, oil revenues are a significant part of the economies in the Arab countries that support the Palestinians. Oil is an important export of the region, with a major market in the United States. The ongoing conflict between Israel and the Palestinians has been a central issue affecting the geopolitical landscape of the Middle East and illustrates the complex relationship between global markets and regional politics.

Furthermore, events such as the conflict in Yemen and the damaging of Hodeidah's main port have shown how regional disruptions can affect global markets, specifically the market for wheat flour, which in turn influences food security and economic stability. The interconnectedness of these markets means that the ability to compete in the international market is a critical factor for a country's economic prosperity or hardship. Lastly, the reliance of different regions on certain natural resources, such as oil and natural gas in North Africa, Southwest Asia, and Turkestan, reinforces how the specialization and export of these resources are vital for national wealth within the global community.

Answer 2

Answer;

-Global interdependence is increasing due to growing industrialization and rapid technological advances in manufacturing, transportation, and telecommunications.

Explanation;

There are several factors or ways in which this interdependence is shown.

1) economic - oil is produced in the middle east in large quantities. The world is very dependent on oil for gas and other products.

2) Socially- Many people from all over the world visit the middle east and vice versa. All these interactions affect the social interdependence of the world..and how we get along with each other. As people migrate or travel, they have economic interdependence affecting them all the time in both macro and micro.

3) Cultural - Many cultures occupy the middle east. They are not the same. For example, the people of Iran are largely Persian and that is different from Arab. Also, Jewish people in Israel are of a different background as well.

4) Politically -Each of the countries of the middle east receive economic aid from different countries.