Economic Influences of Southwest Asia

It’s more common to find a country with command aspects in this region

Israel

70% free and 30% command

Growing technology, tourism, and agriculture sectors contribute significantly to the region's economic landscape, driving both growth and innovation.

Most land is government owned

The government controls electric, natural gas, aerospace industries

They also controls prices on food and banking

Some private successful tech companies that help grow the economy

Saudi Arabia

64% free and 36% command

Government controls the oil industries which cover 87% of the country’s revenue

Saudi Aramco world’s largest natural gas and oil company

Saudi Aramco accounts for 90% of Saudi Arabia’s exports

Turkey

65% market and 35% command

Private companies include textiles, automobiles, petrochemicals, and electronics\

Turkey has the largest, or most versatile, economy Southwest Asia

Opec

5 og countries: Saudi Arabia, Iran, Iraq, Kuwait, and Venezuela

#1 goal is to regulate price of oil

Unify the oil policies

Stabilize world oil markets

Ensure a steady supply for consumers

Provide steady income to its member countries