2013
DOI: 10.2139/ssrn.3299390
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Oil Prices Once Again: The Link Towards Middle East Economies

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“…One of the important political events that affected the cost of importing oil into China was the emergence of "the Arab Spring" in the Middle East and North Africa (MENA) -a series of mass protests, revolutions, and internal military conflicts in several Arab countries that began at the end 2010. The developments happen in the Middle East from the beginning of the Arab Spring have led to an increase in world oil prices (Aslanoğlu and Deniz, 2013;Hsiao et al, 2016). For China, this meant high import bills and a reduction in the trade surplus, as well as slow economic growth, as the contribution of net exports decreased.…”
Section: The Arab Springmentioning
confidence: 99%
“…One of the important political events that affected the cost of importing oil into China was the emergence of "the Arab Spring" in the Middle East and North Africa (MENA) -a series of mass protests, revolutions, and internal military conflicts in several Arab countries that began at the end 2010. The developments happen in the Middle East from the beginning of the Arab Spring have led to an increase in world oil prices (Aslanoğlu and Deniz, 2013;Hsiao et al, 2016). For China, this meant high import bills and a reduction in the trade surplus, as well as slow economic growth, as the contribution of net exports decreased.…”
Section: The Arab Springmentioning
confidence: 99%