What role does oil play in the economic and political challenges facing the Middle East?

History

1 answer:

Mariana [72]1 year ago

7 0

Oil has definitely and negatively impacted the social, political, and financial factors of the Middle East.

<h3>How does oil have an effect on the economy of Middle East?</h3>

Oil has elevated the wealth of the economic system however additionally caused overseas debt. It stored Saudi Arabia out of the Arab Spring, however, has caused political corruption in a few countries.

The oil-rich monarchies have extremely wealthy, and the rate of corruption has increased in the Middle East.

therefore, the biggest challenge faced by the Middle East due to oil is Corruption.

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