Current issues in the world system generally have been analysed by economic or political aspects. However “the polity is much more influenced by economic developments than many political scientists have admitted, and the economy is much more dependent upon social and political developments than economists in general have appreciated” (Gilpin, 2010 : 25). Therefore, Political economy combines political and economic theory to evaluate states and societies. In addition regional studies give a chance to concentrate on one item deeply in a huge international system. In this essay Middle East region, which is consisted of lands around the southern and eastern shores of the Mediterranean Sea, extending from Morocco to the Arabian Peninsula and Iran and sometimes beyond ( Britannica website, 2013), will be analysed from political economy perspective. Situation of region is analysed by Political economy of inequality in the Middle East and then economic ties among the region countries. Research into political economy of the Middle East is important and beneficial because we can perceive main developing and emerging problems in region and create solution methods to economic, security and political instability problems in one of the main crucial regions in the world.
To begin with, in every part of the world human live with finite resources. In addition quality and variety of natural resources, geographical features and society characters are changeable from country to the other country (Robinson, 2009). Therefore neo-liberal economists claim that everything is beginning and developing unequal in the world and capitalist system is right to continue to this unequal process in society. However, although it is undeniable that some inequalities can not be changed, it is crucial to remember the
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