Transcript The Middle East

FSMS
7th Grade Social Studies; Unit 3
Production, Distribution & Consumption
(Economic Systems)
October 18th – 19th; Day 32-33
Georgia Standard SS7G7c
Standard
SS7E5 The student will analyze different economic
systems.
c. Compare and contrast the economic systems
in Israel, Saudi Arabia, Turkey, and Iran.
Agenda Message: Before-school tutoring Tues. starting at 7:30a.
Deadline for missing or re-takes of quizzes is Friday Nov. 6th.
Progress Reports for All classes go home Nov. 11th.
Standard: Compare and contrast the economic systems in
Israel, Saudi Arabia, Turkey, and Iran.
E.Q. Monday; 11/2/15: What type of industry has Israel
built its economy upon?
Warm Up: Who answers the three basic economic questions in
a Command Economy?
TODAY WE WILL
1. Introduce the economies of Israel, Saudi Arabia, Iran, &
Turkey
E.Q. Answer for Monday Nov. 2, 2015:
The Israelis have built an economy based on
advanced technology that has allowed them to
make up for much of what they lack in farmland
and natural resources.
Warm-Up Answers:
Government Planning Groups
Agenda Message:
Today FSMS is on a ½ Day Schedule. After-school tutoring
Thursday from 4-5p. Deadline for missing or re-takes of quizzes
is Friday Nov. 6th.
Standard: Compare and contrast the economic systems in
Israel, Saudi Arabia, Turkey, and Iran.
E.Q. Tuesday; 11/3/15: As Saudi Arabia has diversified its
economy what industries is the government encouraging?
Warm Up: What is the definition for Gross Domestic Product?
TODAY WE WILL
1.
Introduce the economies of Israel, Saudi Arabia, Iran, &
Turkey
E.Q. Answer for Tuesday Nov. 3, 2015:
The Saudi government is now encouraging private
enterprise in areas such as power generation and
natural gas exploration.
Warm-Up Answers:
Gross Domestic Product is the total value of goods and services
produced by a country in a given year, converted to U.S. dollars
for comparison.
Agenda Message: After-school tutoring Thursday from 4-5p.
Deadline for missing or re-takes of quizzes is Friday Nov. 6th.
Standard: Compare and contrast the economic systems in
Israel, Saudi Arabia, Turkey, and Iran.
E.Q. Wednesday; 11/4/15: What has the government of Turkey
recently been investing in to boost it’s economy?
Warm Up: When comparing the economies of Israel, Saudi
Arabia, Iran and Turkey which has the largest GDP?
TODAY WE WILL:
1.
Complete the economies of Israel, Saudi Arabia, Iran, &
Turkey
E.Q. Answer for Wednesday Nov. 4, 2015:
The government of Turkey has invested in the
country’s infrastructure: dams, electrical grids, port
facilities, railways, and roads. Turkey also
developed important steel and weapons industries.
Warm-Up Answers:
Turkey with a GDP of $773 billion dollar per year
Israel, Saudi Arabia, Turkey, and Iran are very
different countries in terms of location, residents,
and economic systems.
Israel’s Economy
Israel is located along Mediterranean coast and has a
relatively small geographic area and almost no
natural resources.
Israel was founded in 1948 as a homeland for the
world’s Jews, and most of the citizens are Jewish.
Israel’s Economy cont.
Though they have many problems with their Arab
neighbors, Israel has good relations with much of
Western Europe and with the United States.
The Israelis have built an economy based on
advanced technology that has allowed them to
make up for much of what they lack in farmland
and natural resources.
Israel’s Economy cont.
Israel has faced a double challenge in building a
mixed market economy: national security and
immigration.
Since its creation, Israel has been in conflict with its
Arab neighbors and has faced high expenses to build
and maintain its armed forces.
Economic aid, especially from the United States,
helps with the financial burden.
The Israeli government plays an important role in
economic planning. For example, the government
has been heavily involved in agriculture to make sure
Israel can feed its citizens.
Israel has the most diversified economy in SWA
including mining & manufacturing equipment, hightech equipment to export, cutting and polishing
diamonds, and agriculture.
Israel’s Economy cont.
Since Israel is a popular tourist destination, a high
percentage of workers are in service industries
(hotels, restaurants, tours, etc.).
Even though Israel has a small amount of farmland, it
grows most of its own food.
Israel’s GDP is approximately $243 billion per year.
Saudi Arabia’s Economy
Saudi Arabia is one of the largest countries in
Southwest Asia, and it is located to the south of
Israel on the Arabian Peninsula.
Most Saudis are Sunni Muslims, and Saudi Arabia is
the location of Mecca, the holiest city for
Muslims.
Saudi Arabia’s Economy cont.
When Saudi Arabia became a nation in 1932, its
economy was almost entirely traditional and
consisted of selling dates or trading goats,
camels, and hand woven rugs.
Everything changed when oil was discovered in the
mid-1930s! Oil brought tremendous wealth to
the Saudi royal family and transformed the entire
economy.
Saudi Arabia’s Economy cont.
The Saudi Arabian economy has been oil-based ever
since, with the government controlling most of the
industry.
The king of Saudi Arabia and his advisors make most of
the decisions about how and where to use oil profits.
With these oil profits the government can buy most of the
goods they cannot produce themselves.
Income from oil accounts for 75% of the country’s budget.
Saudi Arabia’s Economy cont.
In the 1980’s, realizing that oil wouldn’t last forever,
Saudi Arabia saw the need to diversify its economy.
The government is now encouraging private
enterprise in areas such as power generation and
natural gas exploration.
Saudi Arabia’s Economy cont.
As individual businesses grows, Saudi Arabia is
moving to a mixed market economy, with 40% of its
revenue coming from private businesses.
They have invested a lot of the nation’s wealth in
new technologies that allow them to produce goods
they would not be able to do otherwise in a desert
climate.
Saudi Arabia’s GDP is $576 billion per year.
Iran’s Economy
Iran is located across the Persian Gulf from Saudi Arabia.
Iran has great oil wealth, like Saudi Arabia. However they
have much more of a diverse economy based on other
products and natural resources.
Iran’s command economy has not been very efficient in
recent years. Even though there is oil wealth, many
Iranians do not share in the wealth.
Iran’s GDP is $496 billion per year.
Turkey’s Economy
Turkey is located in the northwestern part of the
Middle East.
Turkey has historically had a command economy and
the least amount of economic freedom of the four
countries.
Reforms made in Turkey since the 1980’s have
moved it toward a mixed market economy.
Turkey’s Economy cont.
When Turkey was established as a republic in 1923,
its rulers believe that the government should control
and build the economy. The government invested in
the country’s infrastructure: dams, electrical grids,
port facilities, railways, and roads.
Turkey also developed important steel and weapons
industries.
Turkey’s Economy cont.
The government still has a major role in banking,
transportation, and communication, but private
businesses are also growing in agriculture, textiles,
and manufacturing.
Turkey is going through a process of modernization.
Turkey’s Economy cont.
Turkey is considered a developing nation and
remains poor when compared to most
European countries.
Because most of its trade is with Western
Europe, Turkey is trying to join the European
Union (EU).
Turkey’s Economy cont.
The EU is a powerful confederation of European
countries united for economic strength.
Joining the EU would provide necessary funding and
loans for further modernization and other benefits.
Turkey’s GDP is $773 billion per year.