Economic+Systems

Economic Systems []

The Middle East economic systems has helped the production of crops and resources for over sea markets for centuries. The resources include cotton, silk and grains from other countries. Since the Middle East has 60% of the world oil countries such as Saudi Arabia, Iran, Iraq, Kuwait and Libya are able to export a lot of oil and then exchange it for other goods and resources. The Middle East also supplies 55 percent of the world’s petroleum reserves and 26 percent of its natural gas. Because of this countries such as Iran, Iraq, Israel, Jordan, Turkey and other countries in the Middle East get aid and military weapons due to their unique resources.

The economic systems also included agriculture resources which include mainly food and raw materials that are imported from other countries. Since the Middle East was lacking in crops the governments stepped up and made more efficient farms. The government knew they had to do something with the farms because the Middle East only gets about 10 percent of rain which makes farming critical. They started by getting better types of fertilizers and better equipment for different type of farming techniques. Modern technology has played a key role in the types of equipment which helped farms work less then they usually did. The governments have also created irrigation systems that included dams. They then used the dams for hydroelectric power which sent electricity throughout the Middle East and later the governments built huge plants for desalination. So governments have certainly helped the Middle East throughout the past years and have made agricultural resources more affordable for peasants throughout the Middle East which made the Middle East import less food and raw materials.