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SW Asia Econ

Flashcards of the Economics of Southwest Asia

QuestionAnswer
Economy of Saudi Arabia Leaning a little Market
Economy of Iran Leaning Command
Economy of Turkey Leaning a little Command
Economy of Israel Leaning Market
A group of countries that export oil and increase or decrease the supply in order to manipulate the price Organization of Petroleum Exporting Countries (OPEC)
Major Exports of Saudi Arabia Petroleum (Oil)
Major Exports of Iran Petroleum (Oil)
Major Industries of Israel High technology manufacturing, weapons manufacturing
This natural resource is in surplus in the Persian Gulf region causing countries there to specialize in producing it Petroleum (Oil)
This natural resource is scarce throughout SW Asia Water
These two countries have invested heavily in Human Capital and Capital Goods to develop diverse economies because they don't have large oil reserves Israel and Turkey
Created by: Shaver
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