10.1 The impact of globalization on Middle Eastern societies
3 min read•august 9, 2024
Globalization reshaped Middle Eastern societies, bringing economic shifts and cultural changes. Liberalization and corporate influence transformed economies, while posed challenges. Western trends mixed with local traditions, creating new cultural dynamics.
Social changes included growing diaspora communities and the impact of technology. The emerged between urban and rural areas, while mobile tech and social media revolutionized communication and activism in the region.
Economic Impact
Liberalization and Corporate Influence
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Economic liberalization transformed Middle Eastern economies through privatization and deregulation
Privatization shifted state-owned enterprises to private ownership increased market competition
Deregulation reduced government control over economic activities fostered entrepreneurship
Multinational corporations expanded operations in the region brought foreign investment and technology
MNCs created job opportunities influenced local business practices
Consumerism grew as global brands and products became more accessible
Shopping malls and international retail chains proliferated in urban centers (Dubai Mall)
Increased consumer spending altered traditional spending patterns prioritized material goods