The Middle East, the Coliseum of conflict! Some people also like to call this place as the launch pad of global terrorism. Whatever people call it but this place, which stretches from the west part of the Atlantic Ocean to the east of Arabian Sea, has a greater impact on the world and the amount of the impact is increasing day by day. Oil, religion, ethnic diversity and Middle East politics all come into play in this conflicted part of the world. Once a desert area, now after the invention of the crude oil, this place has become the apple of eye for every country, and everybody wants to have a fair share of their oil resources and want to maintain a good relationship with them as well. Diversity in language, culture, and ethnicity is the beauty of this part of the world and also the root of various kinds of conflicts as well. This is the reason the countries of this part is always at war with each other, sometimes for land and oil or sometimes for their rights. But there is no doubt that oil is one of the most influencing factors and for which these countries always ready to participate in the war.
The saddest part is that now not only the Middle Eastern countries but directly or indirectly almost every other major power of the world now also becomes a part of this conflict. Thus, the effect of changes in the Middle Eastern politics can be easily visible on other countries as well.
How can it impact other countries economy and politics?
In the modern world the oil is considered as the backbone of every society; thus whenever there is a conflict or political problem in the Middle East, it can impact the other economies too. This is because the Middle East holds the key to oil production of the world. Since 1990 the world has seen more than 20 conflicts in this part of the world, and as a result of the same, the oil price keeps rising. According to the reports, the price of the crude is increasing at a rate of 9.2% per year since the first conflict in 1990. So it can be understood that how the rising price of the oil is impacting the global economy as a whole. Thus when the price of buying the oil is growing, then it can have the impact on the society and economy of other countries too. As countries like America and United Kingdom which is called OECD countries consume more than 72% of the total oil production, so the impact is greater for them.
This is the reason the negative impact of the oil price directly affects the politics and economies of these countries profusely. Whether there is a war to annihilate ISIS or to help the Arab to invade the Palestine the OECD countries invest a larger proportion of their budget to help their Middle Eastern friends. As a result of the same, they are left with less money to spend for the betterment of their economy which influenced the lives of the common people as well. This is the reason the Middle East politics and policies have a greater impact on the world especially on the developed economies that are mostly dependent on the Middle East crude resources.…Read More