Jordan’s stability holds immense significance not just for the region but also on a global scale, with its diplomatic ties with the United States playing a crucial role in maintaining this stability. The US has emerged as the largest market for Jordanian exports, and the annual military exercise, Eager Lion, is a testament to the strong relationship between the two countries.
While other countries like China and the Gulf Cooperation Council nations are also involved in Jordan’s economic landscape, the ties with the US remain predominant. However, as the region undergoes shifts, relying solely on American support may not be prudent in the long run.
Beyond military and economic aspects, Jordan’s stability is further bolstered by international financial support and cooperation. Recent upgrades in its credit rating reflect this, yet challenges like high unemployment persist, threatening social stability.
As Jordan navigates changing geopolitics and economic challenges, reevaluating its dependence on the West, particularly the US, is essential for achieving lasting stability and prosperity.
Riad al Khouri, an independent Jordanian economist, authored this insightful piece. Follow him on LinkedIn: Riad Al Khouri