The waves of the Arab Spring in Tunisia, Egypt, Libya, Yemen and Syria, and any other country that may follow, is considered a unique phenomenon worth studying in view of the pre and post revolution events and effects on all sectors of the national economy, as well as their interlocking effects on the global economy. The current research aims at studying the concepts of the Arab Spring, its causes and its most important consequences, as well as the ability of the current economic theory to interpret such events. The most important results of the research lies in the need for a new theory to explain the Arab Spring revolutions, the new theory should based on showing how important was the technological revolution in the field of communications, the use of violence against the rebels, and legitimate demands of rebels in continuation and success of the revolutions of the Arab Spring.