« Despite its oil wealth, the Middle East and North Africa is economically stagnating. Growth rates are comparatively unfavorable and insufficient to substantially improve citizens’ lives. Whether this economic inertia can be overcome or will continue into the indefinite future is a vital...

In this book, 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

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:...