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The Economy Of Saudi Arabia In The 21st Century
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Book Synopsis The Economy of Saudi Arabia in the 21st Century by : John Sfakianakis
Download or read book The Economy of Saudi Arabia in the 21st Century written by John Sfakianakis and published by Oxford University Press. This book was released on 2024-06-28 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about Saudi Arabia's efforts to overhaul its economy and the numerous prospects and challenges it faces in doing so. As one of the world's leading oil producers, the outcomes of the most ambitious wave of reforms Saudi Arabia has ever undertaken will provide valuable lessons not only for the kingdom itself but also for other oil-dependent and resource-based economies. Since 2016, Saudi Arabia has embarked on an unparalleled economic - if not social and political - transformation project with an ultimate aim of diversifying away from oil. New sources of growth such as tourism, industry, and entertainment have been identified, but it remains to be seen whether these will be enough to sustain the economy in the post-oil era. Reforms, including lowering energy subsidies, instituting VAT, and introducing indirect taxes on labor and businesses, have already produced notable results. Looking ahead, the economy requires rigorous and continuous processes of severe competition amongst its private sector participants as well as strong institutions. It also requires creative destruction to be allowed to run its course within the wider economy. The economic reform experiment undertaken by Saudi Arabia remains the most sweeping among emerging market economies - and certainly in the entire Middle East. The changes are all encompassing and involve a complex redrawing of the political, economic, religious, and social map.
Book Synopsis Saudi Arabia Enters the Twenty-first Century by : Anthony H. Cordesman
Download or read book Saudi Arabia Enters the Twenty-first Century written by Anthony H. Cordesman and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Saudi Arabia Enters the Twenty-first Century (Vol I and II) by : Anthony H. Cordesman
Download or read book Saudi Arabia Enters the Twenty-first Century (Vol I and II) written by Anthony H. Cordesman and published by . This book was released on 2003 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cordesman analyses the major political and economic changes that confront Saudi Arabia and assesses their impact on regional stability.
Book Synopsis Arab Economies in the Twenty-First Century by : Paul Rivlin
Download or read book Arab Economies in the Twenty-First Century written by Paul Rivlin and published by Cambridge University Press. This book was released on 2009-02-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the relationship between demographic growth and economic development in eight Arab countries. Despite a slowdown in demographic growth, as a result of the change in the age structure of the population, the labor force is increasing rapidly. In other parts of the world, similar developments have enhanced economic growth. In the Arab world, however, many of the opportunities presented by demographic transition are being lost, resulting in serious threats to the political stability of the region. The main reason for this is that the region has missed out on industrialization. The book goes beyond conventional analysis to ask two closely related questions. The first is, why were governments so slow in tackling stability? The second is, why has the response been similar in apparently different economies? Answers are provided using new literature in economics and economic history.
Book Synopsis The Transition of Saudi Arabia from a Resource-based Economy to a Knowledge-based Economy by : Hadeel Ibrahim AlzaidAlsharif
Download or read book The Transition of Saudi Arabia from a Resource-based Economy to a Knowledge-based Economy written by Hadeel Ibrahim AlzaidAlsharif and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Saudi Arabia Enters the Twenty-first Century by : Anthony H. Cordesman
Download or read book Saudi Arabia Enters the Twenty-first Century written by Anthony H. Cordesman and published by Greenwood. This book was released on 2003 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Writing largely for an audience of U.S. foreign policy makers, Cordesman (Center for Strategic and International Studies) assesses the "strategic future" of Saudi Arabia. Political factors impacting external and internal stability are discussed, as are such issues as social and demographic trends, the structure of the economy, and the politics of oil. Cordesman makes a number of recommendations for political and economic reform, most of which seem to be based on the continuance of the status quo U.S.-Saudi political and military relationship, but purposely avoids overarching theories about the country. Because regional realities are currently under a state of rapid flux, updates to the work are said to be expected at the Center's Web site. A companion volume looks at military and state security issues. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Book Synopsis The Political Economy of Saudi Arabia by : Tim Niblock
Download or read book The Political Economy of Saudi Arabia written by Tim Niblock and published by Routledge. This book was released on 2007-11-13 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a highly reputable author, this book provides a much needed, broad ranging survey of the development of the Saudi economy from the 1960s to the present day.
Book Synopsis The Saudi Arabian Economy by : Mohamed A Ramady
Download or read book The Saudi Arabian Economy written by Mohamed A Ramady and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this unique text, Mohamed Ramady develops a framework for studying fundamental challenges to the modern Saudi Arabian economy. Public and private sector topics include: - The hydrocarbon and minerals sector, including a new model of mining privatization and cooperation - The impact of small and medium sized businesses - The evolving role of "family" businesses - The growing role of women in the Saudi economy - Shifting trade patterns - The Saudi "offset" technology transfer program The author offers an analysis of key challenges facing the Saudi economy, including the potential costs and benefits of privatization, globalization, and eventual membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future. Mohamed Ramady teaches in the Department of Finance and Economics, King Fahd University of Petroleum and Minerals.
Book Synopsis Economic Development in Saudi Arabia by : Ahmed Al Rajhi
Download or read book Economic Development in Saudi Arabia written by Ahmed Al Rajhi and published by Routledge. This book was released on 2012-10-12 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Arab Economies in the Twenty-First Century by : Paul Rivlin
Download or read book Arab Economies in the Twenty-First Century written by Paul Rivlin and published by Cambridge University Press. This book was released on 2009-02-09 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the relationship between demographic growth and economic development in eight Arab countries. Despite a slowdown in demographic growth, as a result of the change in the age structure of the population, the labor force is increasing rapidly. In other parts of the world, similar developments have enhanced economic growth. In the Arab world, however, many of the opportunities presented by demographic transition are being lost, resulting in serious threats to the political stability of the region. The main reason for this is that the region has missed out on industrialization. The book goes beyond conventional analysis to ask two closely related questions. The first is, why were governments so slow in tackling stability? The second is, why has the response been similar in apparently different economies? Answers are provided using new literature in economics and economic history.
Book Synopsis State, Society and Economy in Saudi Arabia (RLE Saudi Arabia) by : Tim Niblock
Download or read book State, Society and Economy in Saudi Arabia (RLE Saudi Arabia) written by Tim Niblock and published by Routledge. This book was released on 2015-02-20 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saudi Arabia is one of the most important countries in the modern world. Not only does it possess some 25 per cent of the world’s proven oil reserves, it also plays a crucial role in the wider Gulf region where over 50 per cent of proven reserves are located. Developments in Saudi Arabia will inevitably affect the economic well-being of the Western industrialised world, Japan and much of the Third World. At the same time, Saudi Arabia is ruled in a traditional way by an all-powerful king and royal family, and is one of the key countries of Islam, the Holy City of Mecca being within the country’s boundaries. The inroad of modern Western forces into this traditional Islamic society is underlined by the fact that may key posts are filled with imported Western workers. This book, first published in 1982, containing contributions by the world’s leading Middle Eastern experts, provides a comprehensive overview of important social, political and economic developments in Saudi Arabia. The opening chapters consider the formation of the Saudi State, and the bulk of the book surveys key themes such as political opposition, the oil industry, energy policy, banking, external relations and the future direction of development.
Book Synopsis The Saudi Arabian Economy by : Mohamed A. Ramady
Download or read book The Saudi Arabian Economy written by Mohamed A. Ramady and published by Springer Science & Business Media. This book was released on 2010-09-05 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Saudi Arabian economy has changed almost beyond recognition since the oil boom days of the 1980s, and the Kingdom itself has changed too economically, socially, and demographically. In the second edition of The Saudi Arabian Economy, Mohamed Ramady uses several overlapping themes to establish and develop a framework for studying the fundamental challenges to the Saudi economy. Particular attention is paid to the benefits of short-term planning and long-term diversification intended to shield the economy from potentially de-stabilizing oil price fluctuations and the pace and diversity of domestic reforms. The author examines the core strengths and evolution of various financial institutions and the Saudi stock market in the face of globalization, before analyzing the private sector in detail. Topics discussed include: • The hydrocarbon and minerals sector, including the emergence of the competitive petrochemical sector • The impact of small and medium sized businesses and the evolving role of “family” businesses • The growing role of women in the Saudi economy • The role of privatization and FDI as engines of change and the position of public-private-partnerships • The establishment of a foundation for a knowledge-based economy Finally, the author offers an analysis of the key challenges facing the Saudi economy, paying particular attention to the potential costs and benefits of globalization, and membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council, as well as Saudi Arabia’s evolving strategic economic relations with China and other countries are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.
Book Synopsis Kings and Presidents by : Bruce Riedel
Download or read book Kings and Presidents written by Bruce Riedel and published by Brookings Institution Press. This book was released on 2019-03-12 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insider's account of the often-fraught U.S.-Saudi relationship Saudi Arabia and the United States have been partners since 1943, when President Roosevelt met with two future Saudi monarchs. Subsequent U.S. presidents have had direct relationships with those kings and their successors—setting the tone for a special partnership between an absolute monarchy with a unique Islamic identity and the world's most powerful democracy. Although based in large part on economic interests, the U.S.-Saudi relationship has rarely been smooth. Differences over Israel have caused friction since the early days, and ambiguities about Saudi involvement—or lack of it—in the September 11 terrorist attacks against the United States continue to haunt the relationship. Now, both countries have new, still-to be-tested leaders in President Trump and King Salman. Bruce Riedel for decades has followed these kings and presidents during his career at the CIA, the White House, and Brookings. This book offers an insider's account of the U.S.-Saudi relationship, with unique insights. Using declassified documents, memoirs by both Saudis and Americans, and eyewitness accounts, this book takes the reader inside the royal palaces, the holy cities, and the White House to gain an understanding of this complex partnership.
Book Synopsis Saudi Arabian Foreign Policy by : Neil Partrick
Download or read book Saudi Arabian Foreign Policy written by Neil Partrick and published by Bloomsbury Publishing. This book was released on 2016-02-23 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the only oil producer with sufficient spare capacity to shape the world economy, Saudi Arabia is one of the most significant states in twenty-first century geopolitics. Despite the enormous potential for Saudi Arabia to play a more robust regional and international role, the Kingdom faces serious internal and external challenges in the form of political incapacity and competition with states such as Iran. In this examination of Saudi Arabia's foreign policy, Gulf expert Neil Partrick, and other regional analysts, address the Kingdom's relations in the Middle East and wider Islamic world, and its engagement with both established and emergent global powers. In doing so, he analyses the factors, ranging from identity politics to Iranian acquisition of nuclear weapons that determine the Kingdom's foreign policy. As Saudi Arabia prepares for a generational shift brought about by an ageing leadership, the rapidly changing balance of power in the Middle East offers both great opportunity and great danger. For students of the Middle East and international relations, understanding Saudi Arabia's foreign policy and its engagement with the region and the world is more important than ever.
Book Synopsis The Paradoxical Kingdom by : Daryl Champion
Download or read book The Paradoxical Kingdom written by Daryl Champion and published by Columbia University Press. This book was released on 2003 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: A specialist in Saudi Arabian affairs shows how religion, tradition, society, economics, politics and the state interact with each other as the nation lurches into the 21st century.
Book Synopsis Saudi Arabia: Rush to Development by : Ragaei al Mallakh
Download or read book Saudi Arabia: Rush to Development written by Ragaei al Mallakh and published by Routledge. This book was released on 2015-05-15 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saudi Arabia is one of the most controversial and least known of the Arab nations. A land of massive contrasts – between its densely populated cities and its vast expanses of desert; between the recent poverty of its villages and the massive wealth created by oil, which is drawing a labour force from most of the neighbouring countries; between the aggressive technocratic and industrial thrust forward and the strongly traditionalist Islamic basis of the ruling ideologies – it has progressed to world prominence in a matter of years after centuries of little or no change. The change is not so much a surge, or even a thrust, as a rush into the industrialized and wealthy world. This book analyzes the problems and achievements of Saudi development and provides the first detailed critique of the Third Development Plan. First published in 1982.
Book Synopsis Saudi Arabia's Vision 2030 by : Mamdouh G. Salameh
Download or read book Saudi Arabia's Vision 2030 written by Mamdouh G. Salameh and published by . This book was released on 2016 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the discovery of oil in commercial quantities at Dammam oil well No.7 in March 4, 1938, Saudi Arabia has been almost totally dependent on the oil-export revenues. Seventy eight years later and a cumulative production of 146 billion barrels of oil (bb) since then, Saudi Arabia's budget is still dependent on the oil revenues to the tune of 90%. This is a moment of high anxiety in Saudi Arabia. Oil prices, currently $50/barrel, are less than half the level the Saudi government needs in order to balance its books. Moreover, its financial reserves are depleting very fast. There is nothing the Saudis need more than comprehensive economic reform. The kingdom must end its deep reliance on the oil revenue and build a dynamic 21st century economy. The current path can't be sustained much longer. That is why the kingdom has launched Vision 2030 which aims to expand the non-oil sector of the economy and reduce unemployment. However, to achieve the objectives of Vision 2030, Saudi Arabia needs to start the diversification of its economy without a minute's delay. The paper will argue that as Vision 2030 is a plan designed to create a 21st century Saudi economy virtually from scratch, it will encounter some huge hurdles not least because of the suspicion that this project has something to do with the generational change in leadership when king Salman departs the scene. It will also argue that Vision 2030 may not achieve much since it's not bold enough in the area that matters most -- developing human capital. Still it is a step in the right direction if there is the political will to go ahead with it.
