This paper is aimed at studying the impact of global financial crisis, or the lack thereof, on public welfare in the selected countries. The main result of this paper determines whether there is a significant relation between global financial crisis and public welfare by using inflation, employment, and human development variables. This research is applied based on the objective and among the descriptive-survey studies in terms of data collection. The library data is considered as the data collection tool for testing the hypotheses in this research. The statistical population in this study covers the selected countries of the Middle East including Iran, Kuwait, Oman, Pakistan, and Syria because they have available data for research period. The studied period includes 1997- 2011. The database of World Bank is applied for the inflation and employment rates, and UNDP database for the human development. Furthermore, the values of financial crisis are calculated through the computational method. The Panel Data, applied with choosing the fixed effects, is utilized in order to test the hypotheses. According to the main result of this research, only the employment variable has the significant correlation with the global financial crisis and this significant correlation only covers 4/6 required variables in the field of global financial crisis. Furthermore, the impact factor of this correlation indicates that with one unit increase in the employment, the financial crisis is enhanced 0.011907 units in the selected countries, and this correlation naturally has a negative impact.

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