Middle East Economy

A country’s level of stability must be judged based on many different factors. In fact, it is easier to define the stability of those individual factors, than it is to judge them as a collected whole. In American popular culture, we generally tend to think of the Middle East an area of the world that is full of instability. If one were to look at all of the civil unrest they would come to that conclusion. The Middle East is much more than that, however. The civil unrest is just the top layer of a very complicated and intricate culture and area. If one were to look at the economics of the Middle East, they would see that one aspect of Middle Eastern society is indeed truly stable. To be specific the economics of oil not only creates a stable economy in the Middle East through job creation, it also gives Middle Eastern leaders a great tool for political persuasion. With the control of oil, those leaders essentially can affect many aspects of the Western life. This influence by oil barons lead countries such as the United States to develop alternative sources of energy to lessen the Middle Eastern control of the market place.
Over the past century, oil has been one of the leading products of many Middle …show more content…
As the Middle East began to grow its presence in the oil market, it began to add jobs. One of the regions largest oil companies, Saudi Aramco, employs over 50,000 Saudis (Saudi Aramco). Because they must globalize, these companies have to continue to educate their employees. Most of these global oil companies offer education pathways for their employees, thus allowing more people in the Middle East to receive a higher education. These oil companies are also giving back to their communities. Saudi Aramco pours countless volunteer hours into researching and building innovative social tools, communities, and environmental practices (Saudi