The Economy of the Middle East is very diverse. Composed of Bahrain, Cyprus, Gaza Strip,Egypt, Iran, Iraq, Iraqi Kurdistan, Israel, Jordan, Kuwait, Lebanon, Northern Cyprus, Oman, State of Palestine, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates, and Yemen the individual economies range from hydrocarbon exporting rentier economies to government led socialist economies to free market economies.
Collectively, the region is best known for producing and exporting oil. The oil industry does significantly impact the entire region, both through the wealth that it generates and through the movement of labor. Most of the countries in the region have undertaken efforts to diversify their economies in recent years, however. In the report, Science-Metrix says the number of scientific publications listed in the Web of Science database shows that the standard growth in the Middle East, particularly in Iran and Turkey, is nearly four times faster than the world average.
Famous quotes containing the words economy of, middle east, east, economy and/or middle:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (18121870)
“It is not possible to create peace in the Middle East by jeopardizing the peace of the world.”
—Aneurin Bevan (18971960)
“The East is marvellously interesting for tracing our steps back. But for going forward, it is nothing. All it can hope for is to be fertilised by Europe, so that it can start on a new phase.”
—D.H. (David Herbert)
“The aim of the laborer should be, not to get his living, to get a good job, but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (18171862)
“Her little loose hands, and dropping Victorian shoulders.
And then her great weight below the waist, her vast pale belly
With a thin young yellow little paw hanging out, and straggle of a
long thin ear, like ribbon,
Like a funny trimming to the middle of her belly, thin little dangle
of an immature paw, and one thin ear.”
—D.H. (David Herbert)