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Arab Spring (What is Arab Spring? (First started at Tsunisia on 17…
Arab Spring
What is Arab Spring?
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A major slogan of the demonstrators in the Arab world is Ash-sha`b yurid isqat an-nizam ("the people want to bring down the regime")
Impacts on the world
Business
Spring countries collectively endure $56 billion in losses and Libya was the worst affected with a loss of 29% GDP
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Certain supply routes in the region have been disrupted, meaning longer times for shipping and more complex logistics for some companies.
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Investment: Political instability does not make life any easier for businesses nor aspire much confidence among foreign traders, investors and lenders
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Other countries
Rich oil companies such as UAE witnessed significant increases in GDP in 2011 and benefited from the high oil prices and increased production levels
Especially Saudi Arabia, increased production to cover the supply shock resulting from the conflict in Libya
These countries increased spending on social programs to avoid internal uprisings similar to Arab Spring
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