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Published byKerrie Cameron Modified over 6 years ago
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To do, upon arrival… Grab your textbook and browse through pages 406 to 421…(N. Africa and the Mideast) What caught your attention? Then focus on pages 418 to 421… Note 3 (three) things about those pages…and be ready to share with a small group or the class.
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A Question… What “stuff” has the greatest effects on the prosperity and economies of the Middle East? (name at least 3!)
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Middle East Economy Notes I. The Economy of the Middle East
“The Region Today” How has the presence of oil affected the economies of the middle east?
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Economic Activities (preview!) (Don’t write this down!)
Oil, natural gas, and water COMMODITIES Agriculture & Fishing ARABLE LAND Persian Gulf Countries
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A. Economic* Activity FAST FACT: Those with oil lack water, and those with water lack oil Ag & Fishing: Arable Land is lacking in the ME, yet many work in agriculture Mediterranean climate: grow cereal crops, citrus fruit, grapes, olives, and dates (Georgia) Steppes: COTTON! (Uz. One of largest Cotton exp’s) Fishing! Sardines and mackerel (Iran flourishing) * Think _____________ and ___________ .
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Econ. Activity (cont.) Industry: Petroleum and Oil products are main export COMMODITIES Over 60% of oil reserves and 50% of natural gas reserves Amazing riches to the oil-rich countries Saudi Arabia, Kuwait, Bahrain, and other Persian Gulf Countries FAST FACT: Over half the energy used worldwide is supplied in the form of oil
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Econ. Act. (cont.) Service Industries High-tech Industry (Israel)
Travel and Tourism (esp. religious centered) Vs Iran
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B. Transportation & Communication
Roads, Railroads, and Airlines Road Systems: improving but unevenly distributed LANDLOCKED (Afghan., Kyrgyzstan, Tajik.) Rapid transit USSR: Aeroflot
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Trans (cont.) Waterways & Pipelines Communication VITAL to the region
Less TV and Radio, and internet Two New “Silk Roads” “World’s Longest telecommunications highway!” 17k mi. cable Road, rail, and air
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C. Trade & Interdependence
GROWING interdependence Wealthy Countries help developing countries US signs trade agreements OPEC formed: oil prod. and prices. IRAN negotiations
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