Since no one has posted anything about Egypt yet.. this is from the economist, first page today.
This article talks about. although there are common grievances in all the gulf states (such as unemployment, living standards, poor schools, repression, and corrupt governments) the current governments are very good at using tactics like propaganda, tribal networks, and patronage to divide and weaken any opposition.
Revolutions are unlikely, they say, for Saudi Arabia, UAE, Qatar, and Kuwait. These countries still have more gas and oil to quell the peoples complaints. However, in Bahrain, the prime minister al-Khalifa , has been in power ten years longer than Mubarak and the gas and oil supplies are dwindling, already leading to unrest.
I posted an article earlier talking about how Egypt's protests had effectively almost stopped the Egyptian economy and their stock market for several days. If these protest continue (not that I'm against them) in other surrounding countries, the same will likely happen to their economy and the regions economy. Something to think about ........
1 comment:
Good thought about the stoppage of Egypt's economy during its revolution affecting all other countries in Middle East. But it is important to note that the revolution occurred first in Tunisia I believe.
If these countries have lower standard of living for its citizens then it's going to be a big concern because most of the Middle Eastern countries rely heavily on oil revenues. If oil were to run out, there would be revolutions. Honestly, I don't recall any countries running out of something that's vital for their revenue in the middle of the desert... So that's going to be interesting.
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