MAJOR EVENTS IN THE ARAB ORDER: THE DECLINE OF SUSTAINABILITY AND THE TRANSITION TO ECONOMIC RESILIENCE

Raluca Ioana Oprea
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Raluca Ioana Oprea: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA

Annals - Economy Series, 2016, vol. 1Special, 201-205

Abstract: The Arab world particularities are not solely the ones derived from natural wealth (oil and gas), but are also driven from historical particularities which mark this region, together with specific Islamic politics and economic organizational framework, with deep roots in religious concepts. In a global context, where the rules from the West are the ones leading globalization, the Arab World brings its contribution, even though the Islamic space defines a different socio-economic concept. In the East lies a series of features that place the Arab world in a different plan than the one shown frequently in the discussions about world order, with geopolitical but also economic implications. Conflicts in this region lead to declining sustainable development and trigger the need to strengthen the economic resilience. As the least peaceful region of the contemporary world, Arab World integrated the concept of economic resilience, in order to recover from shocks and continue further development.

Keywords: Arab world; Islamic space; social contract; Arab Spring; threats in Arab world; opportunities in Arab world (search for similar items in EconPapers)
Date: 2016
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