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2012 | OriginalPaper | Buchkapitel

12. Economic Diversification in Saudi Arabia: The Need for Improving Competitiveness for Sustainable Development

verfasst von : M. Sadiq Sohail

Erschienen in: The GCC Economies

Verlag: Springer New York

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Abstract

Since the discovery of oil in 1938 and the creation of the petroleum industry, oil has continued to make a profound impression on the economy of Saudi Arabia. Structural changes in the economy were, however, underway even before the oil discovery since 1930 when the founder of the modern state of Saudi Arabia, King Abdul Aziz Al-Saud, set about to transform the traditional economy of Saudi Arabia into a modern state (Booz 2008; Abdelrahman 2001). The economic philosophies of successive rulers have not changed since the reign of King Abdul Aziz Al-Saud, although the economic role of the government has been increasing enormously.

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Literatur
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Zurück zum Zitat Bashir, G. “Competitiveness of Saudi Industries: Manufacturing Costs and Productivity”, Economic Bulletin 26, Saudi Industrial Development Fund. 1997. Bashir, G. “Competitiveness of Saudi Industries: Manufacturing Costs and Productivity”, Economic Bulletin 26, Saudi Industrial Development Fund. 1997.
Zurück zum Zitat Booz and Co “Economic Diversification: The Road to Sustainable Development, A Report accessed from the Internet www. 2008. Booz and Co “Economic Diversification: The Road to Sustainable Development, A Report accessed from the Internet www. 2008.
Zurück zum Zitat Borensztein, E., De Gregorio, J. and Lee, J-W. “ How does Foreign Direct Investment Affect Economic Growth?”. Journal of International Economics, Vol. 45, pp. 115-35., 1998.CrossRef Borensztein, E., De Gregorio, J. and Lee, J-W. “ How does Foreign Direct Investment Affect Economic Growth?”. Journal of International Economics, Vol. 45, pp. 115-35., 1998.CrossRef
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Zurück zum Zitat Khemani, R. ‘Fostering Diversification and Competitiveness: Strategies and Options for the Kingdom of Saudi Arabia’, paper presented at the symposium on the Future Vision for the Saudi Economy, Riyadh, 2001. Khemani, R. ‘Fostering Diversification and Competitiveness: Strategies and Options for the Kingdom of Saudi Arabia’, paper presented at the symposium on the Future Vision for the Saudi Economy, Riyadh, 2001.
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Zurück zum Zitat Ramady, M. A., The Saudi Arabian Economy: Policies, Achievements and Challenges. Springer: New York, 2010.CrossRef Ramady, M. A., The Saudi Arabian Economy: Policies, Achievements and Challenges. Springer: New York, 2010.CrossRef
Metadaten
Titel
Economic Diversification in Saudi Arabia: The Need for Improving Competitiveness for Sustainable Development
verfasst von
M. Sadiq Sohail
Copyright-Jahr
2012
Verlag
Springer New York
DOI
https://doi.org/10.1007/978-1-4614-1611-1_12

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