N. Africa & SW Asia Economics

Vocabulary Primary economic activity- The #1 way a country makes money Pastoralism- Raising livestock. Example: cows, goats, sheep, camels Standard of living- the level of wealth, comfort, and necessities available to a certain geographic area Poverty- the state of one who lacks a certain amount of material possessions or money

Heavy Reliance on Primary Economic Activity Countries in this region often have ONE main way to make money, if you were to take that one money maker away the country would suffer. Oil drilling Agricutlure Pastoralism

Major producer of the world’s oil Oil Revenues have both positive and negative effects.

H20 Water is the regions most precious resource.

Standard of living North Africa and South West Asia have a great variation in standard of living from very high to poverty stricken.

Regional conflicts Political unrest effects tourism.

Aswan High Dam Humans built the Aswan High Dam to control the water of the Nile River in Egypt. Pros- Humans can control where the water goes. Cons- The soil around the river no longer gets the rich nutrients and farmers have to spend a lot of money on fertilizer, ultimately decreasing their profits.

Suez Canal Suez Canal helped to enhance shipping routes in the region

Guest Workers Guest workers come from other countries and regions of the world to work in North Africa and Southwest Asia.

Trade Trade has been important to this region since the earliest times.

Income and Infrastructure Wide range of per capita incomes and levels of development There is a wide range of quickly developing countries that make a lot of money, and slower developing countries that don’t make as much money.

Contemporary trade routes Sea lanes A sea lane, sea road or shipping lane is a regularly used route for vessels on oceans and large lakes.

OPEC Organization of Petroleum Exporting Countries Mission : ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.

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