LEADER 05750oam 2200721I 450 001 9910785941303321 005 20230617030222.0 010 $a1-136-13282-1 010 $a1-283-71177-X 010 $a0-203-03757-X 010 $a1-136-13274-0 024 7 $a10.4324/9780203037577 035 $a(CKB)2670000000269203 035 $a(EBL)1046794 035 $a(OCoLC)817886648 035 $a(SSID)ssj0000790888 035 $a(PQKBManifestationID)11428979 035 $a(PQKBTitleCode)TC0000790888 035 $a(PQKBWorkID)10753819 035 $a(PQKB)10328924 035 $a(MiAaPQ)EBC1046794 035 $a(Au-PeEL)EBL1046794 035 $a(CaPaEBR)ebr10619101 035 $a(CaONFJC)MIL402427 035 $a(OCoLC)815969367 035 $a(FINmELB)ELB136600 035 $a(EXLCZ)992670000000269203 100 $a20180331d2004 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEconomic development in Saudi Arabia /$fRodney Wilson ; with Abdullah Al-Salamah, Monica Malik and Ahmed Al-Rajhi 210 1$aLondon ;$aNew York :$cRoutledgeCurzon,$d2004. 215 $a1 online resource (209 p.) 225 1 $aDurham modern Middle East and Islamic world series ;$v1 225 0$aDurham modern Middle East and Islamic world series ;$v1 300 $aDescription based upon print version of record. 311 $a1-138-36211-5 311 $a0-7007-1729-3 320 $aIncludes bibliographical references (p. [178]-185) and index. 327 $aEconomic Development in Saudi Arabia; Copyright; Contents; List of tables; List of figures; Acknowledgements; 1 Introduction; Development optimism; The challenges of globalisation; Explaining development; 2 Which development paradigm?; Historical perspectives on market development; The goal of self sustaining growth; The absence of feudalism; Emergent capitalism; Income distribution and development; The role of the state; 3 Government economic policy; Economic planning; From planning office to ministry; Reorganisation of economic management; The Seventh Five-Year Plan 327 $aLack of coordinated planningMacroeconomic priorities; The burden of indebtedness; Fiscal choices; Government funding and foreign investment; Economic dualism; 4 Oil, gas and petrochemicals; The development of the oil industry; Saudi Arabia's role in OPEC; Oil production; Oil pricing; Oil reserves, oil depletion and the future oil market; Contribution of oil to national economic development; Gas development; The petrochemical industry; 5 The banking sector and financial markets; Early banking history; The development of commercial banking; Coexistence of conventional and Islamic finance 327 $aCompetition for bank deposits and lendingCorporate finance and investment banking; The stock market; Managed funds; Finance and development; 6 International trade and GCC economic relations; The economic rationale for Saudi Arabian trade; Regional implicational of international trade; Analysis of exports and import trends and assessment of stability; Trade surpluses and payments deficits; The trading partners of Saudi Arabia; The GCC and regional trade; The GCC single market; WTO accession; 7 Employment issues; The demographic transition; Unemployment; Labour market trends 327 $aStructure of employmentThe employment and replacement of expatriate labour; Education and training issues; Women in the workforce; 8 Employment conditions in SABIC; Industrialisation and job creation; The survey; Profile of the respondents; Training; Salaries; Promotion opportunities; Management decisions and labour relations; Working arrangements and time management; Conclusion; 9 The role of the private sector; The relationship between the private sector and the state; Ability of the private sector to initiate development; The efficiency of the private sector 327 $aProblems of management capabilityPerceptions of the business environment and legal system; Views of the governments role in business; Shortcomings of the financial system; The inadequacy of the infrastructure; Excessive bureaucracy and regulation; Conclusion; 10 The electricity industry; Introduction; Restructuring of the electricity industry; Uncertainty in restructuring; Competition in production and monopoly in delivery; Functional transformation of the electricity industry; International experiences of reforming the electricity industry 327 $aThe Saudi Arabian electricity industry: regulatory and organisational development 330 $aThe changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the Kingdom's economy are relatively robust, as over three quarters of GDP is accounted for by the non-oil sector, and impressive modern industries have been established, notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, alt 410 0$aDurham Modern Middle East and Islamic World Series 606 $aGlobalization$xEconomic aspects$zSaudi Arabia 607 $aSaudi Arabia$xEconomic conditions$y21st century 607 $aSaudi Arabia$xEconomic policy 615 0$aGlobalization$xEconomic aspects 676 $a330.9538 700 $aWilson$b Rodney.$0116171 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910785941303321 996 $aEconomic development in Saudi Arabia$91233927 997 $aUNINA