Economic Development in Saudi Arabia
Book Details
Format
Paperback / Softback
ISBN-10
1138362115
ISBN-13
9781138362116
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 14th, 2018
Print length
208 Pages
Weight
330 grams
Dimensions
15.60 x 23.30 x 2.40 cms
Product Classification:
Economic growthDevelopment economics & emerging economies
Ksh 9,000.00
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This book provides a comprehensive survey of the Saudi Arabian economy and discusses the key issues concerning contemporary economic development in the country.
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.
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