Premium Members Get 10% Off and Earn Rewards Find Out More
Economic Development in Saudi Arabia
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.
1113997824
Economic Development in Saudi Arabia
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.
48.99 In Stock
Economic Development in Saudi Arabia

Economic Development in Saudi Arabia

Economic Development in Saudi Arabia

Economic Development in Saudi Arabia

Overview

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.

Product Details

ISBN-13: 9781136132827
Publisher: Taylor & Francis
Publication date: 10/12/2012
Series: Durham Modern Middle East and Islamic World Series
Sold by: Barnes & Noble
Format: eBook
Pages: 208
File size: 1 MB

About the Author

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.

Table of Contents

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

From the B&N Reads Blog
Page 1 of

Related Subjects

Business
Economics
Economics - General & Miscellaneous
Business
Economics
Economics - General & Miscellaneous

Customer Reviews