Economy of the Middle East
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The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies.
The economy of the Middle East consists of the economies of Armenia, Azerbaijan, Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kurdistan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates (UAE), and Yemen.
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See also
- Middle East economic integration
- Start-up Nation
- Economy of Asia
- Economy of Africa
- Middle East and globalization
- List of stock exchanges in Southwest Asia
- Middle East Economic Association
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