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... They formed various alliances with other Arabs and Muslims, and defeated and then ruled the Byzantine (Eastern) half of the "Holy Roman Empire. ... World War II consumed the wealth of the colonial governments of Europe, making it possible for the Middle Eastern countries claim their independence. ... But there was still indirect control; these small states did not have economic independence. ... In 1953 US and Britain placed Shah back in power, removed their economic blockade, renewed their aid, and went on to make Iran their Middle East surrogate and regional military power. ... Since the establishment of the State of Israel in 1948 it has being in continious conflict with Arab nations in the region. ... The questions that remains are how will the war with Iraq and other conflicts in then region affect the global economy and will oil prices continue to grow? ... 00 drop in oil prices adds about half a percentage point to world economic growth for the year. ... These factors can be attributed to the lack of regional security and are affecting the economic activity of the countries such as Syria and Jordan who have close ties to Iraq. ... Nonetheless, this should help improve regional trade as well as increase economic growth rates by providing much needed job opportunities for the people of Iraq and those of other Middle Eastern countries. “There is no better time for peaceful reform than during an economic boom when rising prosperity can make the process of adjustment to change far easier (Cooper).” Democratic countries such as Kuwait, Bahrain, and soon to be Qatar will stand as a blueprint of economic, political, and social development for Iraq to follow and hopefully one day achieve.
Approximate Word count = 2364
Approximate Pages = 9.5
(250 words per page double spaced)
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