Economic Development in Saudi Arabia
1st Edition
Published on 12. October 2012
208 pages
978-1-136-13274-2 (ISBN)
Description
The changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the Kingdom's economy are relatively robust, as over three quarters of GDP is accounted for by the non-oil sector, and impressive modern industries have been established, notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, although job creation has been insufficient to prevent rising youth unemployment. The development challenges Saudi Arabia faces are similar to those of other middle-income countries, and three decades of diversification have made the economy less unique than it was in the oil boom years of the 1970s.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
File size
3,44 MB
ISBN-13
978-1-136-13274-2 (9781136132742)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Ahmed Al Rajhi | Abdullah Al Salamah | Monica Malik
Economic Development in Saudi Arabia
Book
08/2018
1st Edition
Routledge
€76.20
Shipment within 10-20 days
Ahmed Al Rajhi | Abdullah Al Salamah | Monica Malik
Economic Development in Saudi Arabia
Book
11/2003
1st Edition
Routledge
€207.40
Shipment within 10-20 days
Persons
Rodney Wilson is Professor of Economics at the Institute for Middle Eastern and Islamic Studies, University of Durham. His main research interests are the trade and finance of the Middle East. His previous books for Routledge include Economic Development in the Middle East.
Content
1. Introduction 2. Which development paradigm? 3. Government Economic Policy 4. Oil, gas and petrochemicals 5. Banking sector and financial markets 6. International trade and GCC economic relations 7. Employment issues 8. Employment conditions in SABIC 9. The role of the private sector 10. The electricity industry
