A01=Abdullah Al Salamah
A01=Ahmed Al Rajhi
A01=Monica Malik
A01=Rodney Wilson
agency
arabian
Arabian American Oil Company
Author_Abdullah Al Salamah
Author_Ahmed Al Rajhi
Author_Monica Malik
Author_Rodney Wilson
basic
Category=KCG
Category=KCM
citizens
corporation
economic diversification strategies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial sector stability
fund
GCC Country
GCC State
GCC trade relations
industrial
industries
Islamic Dinar
Islamic Finance
Islamic Law
Middle East economics
monetary
Muslim Worlds
National Commercial Bank
nationals
OPEC Annual Statistical Bulletin
petrochemical industry analysis
Private Sector Development
private sector development challenges
SABIC
SAMA
Saudi Arabia
Saudi Arabian Citizens
Saudi Arabian Economy
Saudi Arabian Employees
Saudi Arabian Monetary Agency
Saudi Arabian Nationals
Saudi Arabian Women
Saudi Industrial Development Fund
Shariah Law
Supreme Economic Council
Total Gdp
Vice Versa
Young Men
youth unemployment trends
Product details
- ISBN 9781138362116
- Weight: 453g
- Dimensions: 156 x 234mm
- Publication Date: 14 Aug 2018
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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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.
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.
