The Resource-Intensive Economy of Saudi Arabia and its Diversification

Viac o knihe

Focusing on the economic growth factors in Saudi Arabia, the study utilizes an endogenous growth model to analyze the nation's development amid its status as a leading oil exporter. It highlights the diminishing role of oil and gas wealth and emphasizes the urgency for economic diversification, particularly through enhancing human capital and technical progress. The exploration of manufacturing industry development serves as a case study for this diversification effort. This monograph appeals to those interested in the dynamics of development in oil-producing nations.