The Effects of Arab Spring Events on Middle Eastern Economies

Abstract

The events of the Arab Spring are a rebellion movement that began in the end of 2010 when a peddler's stalls was lifted by the police in Tunisia and the peddler burned himself. In addition to the demands of more freedom and more democracy by the people of the region, the growing events due to various terrorist groups and external interventions have had many economic, social and political effects. In this study, the effects of these events on regional economies were examined. In the study, it has been concluded that the events in the examination made with the help of graphs and tables by using the nominal GDP, growth, foreign trade, unemployment, inflation, FDI, military expenditures and external debt stock data affect the economies of the region deeply. In the study, the oil and natural gas production and export data of the Arab Spring events were also included in the region where the world's largest oil and natural gas reserves were located, and this data was found to be adversely affected across the countries of the region.