The Economy of Saudi Arabia in the 21st Century is popular PDF and ePub book, written by John Sfakianakis in 2024-06-28, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Economy of Saudi Arabia in the 21st Century can be Read Online from any device for your convenience.
The Economy of Saudi Arabia in the 21st Century Book PDF Summary
This book is about Saudi Arabia's efforts to overhaul its economy and the numerous prospects and challenges it faces in doing so. As one of the world's leading oil producers, the outcomes of the most ambitious wave of reforms Saudi Arabia has ever undertaken will provide valuable lessons not only for the kingdom itself but also for other oil-dependent and resource-based economies. Since 2016, Saudi Arabia has embarked on an unparalleled economic - if not social and political - transformation project with an ultimate aim of diversifying away from oil. New sources of growth such as tourism, industry, and entertainment have been identified, but it remains to be seen whether these will be enough to sustain the economy in the post-oil era. Reforms, including lowering energy subsidies, instituting VAT, and introducing indirect taxes on labor and businesses, have already produced notable results. Looking ahead, the economy requires rigorous and continuous processes of severe competition amongst its private sector participants as well as strong institutions. It also requires creative destruction to be allowed to run its course within the wider economy. The economic reform experiment undertaken by Saudi Arabia remains the most sweeping among emerging market economies - and certainly in the entire Middle East. The changes are all encompassing and involve a complex redrawing of the political, economic, religious, and social map.
Detail Book of The Economy of Saudi Arabia in the 21st Century PDF
- Author : John Sfakianakis
- Release : 28 June 2024
- Publisher : Oxford University Press
- ISBN : 9780198863878
- Genre : Business & Economics
- Total Page : 465 pages
- Language : English
- PDF File Size : 12,5 Mb
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