Economic development in Saudi Arabia

by Wilson, Rodney

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Title Statements

Full title :Economic development in Saudi Arabia / Rodney Wilson, with Abdullah Al-Salamah [and others].

Summary

"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 two thirds 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."--Jaquette.

Edition Statements

Publication Date:2004.

Publication Statements

Publisher(s):RoutledgeCurzon
Place of Publication:London
Language:eng
Publication Date:2004.

The Physical Object

Description:1 ressource en ligne (xiv, 193 pages) : : illustrations.

Edition Identifiers

ISBN:9781136132742, 1136132740
oclc:on1004159407
LC Classification:HC415.33
Dewey Decimal:330.9538

Subjects

Arabie Saoudite -- Conditions économiqu… Arabie saoudite -- Politique économique Economic history Economic policy Globalization -- Economic aspects Globalization -- Economic aspects -- Sa… Mondialisation -- Arabie saoudite Ressources Internet Saudi Arabia Saudi Arabia -- Economic conditions -- … Saudi Arabia -- Economic policy