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Middle East To me, the term Middle East refers to a region of the world that encompasses many of the world’s great religions. I would include all ofthe Arab countries as well as Israel and Egypt. In my view, the Middle East provides an ancient history that we can study and learn from. The region has also had its fair share of instability, but there have also been peaceful times as well. In a globalized economy, the importance of the Middle East will continue to grow because of the economic potential in the region.