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Economic Development in Saudi Arabia (Routledgecurzon Durham Modern Middle East and Islamic World Series) by Ahmed Al Rajhi; Abdullah Al Salamah; Monica Malik; Rodney Wilson is a book available to read on EtoBox.

What is Economic Development in Saudi Arabia (Routledgecurzon Durham Modern Middle East and Islamic World Series) about?

<p>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.</p>

Author

Ahmed Al Rajhi; Abdullah Al Salamah; Monica Malik; Rodney Wilson

Publisher

London ; New York: RoutledgeCurzon

Published

2004

Language

EN

ISBN

9780700717293

Subjects

Economics, Science, Business