While the effects of the global economic crisis have not yet been completely eradicated; upheavals in the Mideast and North Africa and then earthquake and tsunami’s destructive effects in Japan have come on the agenda of the world together with some anxieties.
Of course these unwanted and disagreeable developments urge the world to be discontent. Mostly the countries in the region would have been affected from these negative events economically. Of course humanitarian dimension of the political uprising in the region is very important.
The leaders, who cannot perceive the changes in today’s open societies that follow up every kind of developments instantly across the world, lag behind their societies in the terms of foresee-ability. The leaders of the related countries could not sense the possible events might happen. They also could not meet the expectations of their communities on time. Since the last 20 years to date in the world, radical changes have been experiencing, even though they could not take any lesson from the other countries where changes and upheavals have been experienced.
It is a reality that the countries which have experienced the changes by themselves and solved their own problems without foreign interference, they have been successful in their change process. In this achievement, their former leaders who did not withstand more have plaid remarkable role on behalf of their nations. Otherwise, change has become a nightmare for the people of the tyrant leaders’ countries. At the end, some of them acted merciful and seceded without leaving any more harm for their peoples and countries.
The uprising in the Mideast and North Africa countries first started in Tunisia to topple the former Tunisian President Ben Ali who maintained his power for 23 years. The upheavals in Tunisia led to unprecedented ripple effects across the Middle East and North Africa (MENA) region.
In the second line there was Egypt to be deposed of its leader who has been in power for over 30 years. Without any important demolition in Egypt ex president Hosni Mubarak resigned and the army took over the power. Upheavals in these two countries have given new momentum to popular protests across the region. Upheaval in these two countries have increased risks to geo-political stability in the region and have raised concerns about potential repricing of risk and the impact on international oil and gas markets.
In the region, one of the most destructive events has happened in Libya, so its repercussions might worsen on its people and economy.
The events broke out in the region feature mainly in the two aspects as humanitarian and economics. Especially in Libya uprising is leaving many bitter results with which the Libyan people are facing by losing their lives.
According to the International Monetary Fund, the political turmoil in the Middle East and North Africa could have a substantial impact on the region's economies this year.
The director of the IMF's Middle East and Central Asia department, Masood Ahmed, announced in the agency's Survey magazine that the unrest has led to tighter credit restrictions for Middle East governments and corporations operating in the region, and bank lending is likely to remain slow.
In addition to the region and surrounding countries, it is also commented the turmoil in the Middle East and North Africa could exacerbate uncertainty in the U.S. economy, causing U.S. companies to put off hiring amid the recovery from the worst recession in eight decades.
However, in an announcement, the World Bank President Robert Zoellick also said, “Ongoing turmoil in Middle Eastern countries would not trigger another global financial crisis, adding that the impact should be limited to rising oil prices.
In conclusion, the biggest trouble is been experienced by the Libyan people, we wish urgently tranquility and peace without losing more lives to be set up in the shortest time.
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