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Author Wilson, Rodney.
Title Economic development in Saudi Arabia / Rodney Wilson, with Abdullah Al-Salamah [and others].
Imprint London ; New York : RoutledgeCurzon, 2004.

Series Durham modern Middle East and Islamic world series
Durham modern Middle East and Islamic world series.
Subject Globalization -- Economic aspects -- Saudi Arabia.
Saudi Arabia -- Economic conditions -- 21st century.
Saudi Arabia -- Economic policy.
Description 1 online resource (xiv, 193 pages) : illustrations.
Bibliography Note Includes bibliographical references (pages 178-185) and index.
Contents Introduction -- Which development paradigm? -- Government economic policy -- Oil, gas and petrochemicals -- The banking sector and financial markets -- International trade and GCC economic relations -- Employment issues -- Employment conditions in SABIC / Abdullah Al-Salamah -- The role of the private sector / Monica Malik -- The electricity industry / Ahmed Al-Rajhi.
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."--Jacket.
Note Print version record.
ISBN 9781136132742 (electronic bk.)
1136132740 (electronic bk.)
OCLC # 815969367
Additional Format Print version: Wilson, Rodney. Economic development in Saudi Arabia. London ; New York : RoutledgeCurzon, 2004 0700717293 (DLC) 2003007645 (OCoLC)52047201