In this unique text, the author develops a framework for studying fundamental challenges to the modern Saudi Arabian economy. He 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.

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 Includes supplementary material: sn.pub/extras

Autorentext

Mohamed Ramady is Visiting Associate Professor at the Department of Finance and Economics, King Fahd University of Petroleum and Minerals. His main research interests are the economies of the Middle East and Saudi Arabia in particular, as well as money and banking. He also held senior positions with international financial institutions in the Arabian Gulf and Europe.

Inhalt
The Setting.- Overview.- The Development Process.- Reforms and Economic Planning.- Public Finance.- The Financial Sector.- Saudi Arabian Monetary Agency (SAMA) and Monetary Policy.- The Financial Markets.- The Saudi Capital Market.- The Domestic Sector.- The Private Sector: Globalization Challenges.- The Energy Sector.- The Foreign Sector.- Foreign Trade: Changing Composition and Direction.- Saudi Arabia and the WTO.- Key Challenges.- Privatization and Foreign Direct Investment.- Population and Demographics: Saudization and the Labour Market.- Education: A Tool for a Knowledge-Based Economy.- Saudi Arabia's Global Relations: GCC and Beyond.- Conclusion.- The Challenges Ahead.