Bussecon Review of Social Sciences

Yazarlar: Doaa M. Salman

Konular:-

DOI:10.36096/brss.v3i2.291

Anahtar Kelimeler:Economic crisis; Political instability; Poverty

Özet: The paper provides an analysis of one of the feeblest countries that were once one of the richest. The country is actually facing several economic and political crises. This crisis originated from the continuous communist economic system and its’ heavy dependence on oil as a source of revenue. The dependence on oil and the absence of other sources put the country at high risk not for the country only but for the whole region. The paper provides an overview of the reasons for escalating the current situation and its implications on the neighbor countries and a conclusion reflecting the foreseen possible economic situations way out.

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