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The Saudi Arabian Economy

Policies, Achievements, and Challenges

  • Book
  • © 2005

Overview

  • Broadest, most up-to-date text on the Saudi economy

  • Pays particular attention to sensitive structural social issues, finance and capital market development, technology transfer, the effect of gender issues on development, and globalization

  • Accessible to undergraduates

  • Pedagogy includes graphs; tables; end-of-chapter summaries, questions, and discussion points; chapter objectives; and discussion boxes

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Table of contents (15 chapters)

Keywords

About this book

In this unique text, Mohamed Ramady develops a framework for studying fundamental challenges to the modern Saudi Arabian economy. Public and private sector topics include:

- The hydrocarbon and minerals sector, including a new model of mining privatization and cooperation

- The impact of small and medium sized businesses

- The evolving role of "family" businesses

- The growing role of women in the Saudi economy

- Shifting trade patterns

- The Saudi "offset" technology transfer program

The author offers an analysis of key challenges facing the Saudi economy, including the potential costs and benefits of privatization, globalization, and eventual membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.

Mohamed Ramady teaches in the Department of Finance and Economics, King Fahd University of Petroleum and Minerals.

Reviews

 From the reviews:

"...an exciting book that weaves an interesting narrative of Saudi Arabia's economic reforms, achievements and challenges...a great tool to understand complexities of the modern [Saudi] economy and to chart a wise direction for years to come.  It is meticulously done and very easy to follow." (Siraj Wahab, Arab News, November 2006)

 

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