The Viability of Saudi Arabian Industrial Diversification Efforts: the Consequences of Declining Government Expenditures
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Authors
Looney, R.E.
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Advisors
Date of Issue
1991
Date
1991
Publisher
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Abstract
Given the probability that Saudi Arabia will not be able to significantly
increase its oil revenues in the near future, the major problem facing the
government will be how best to utilize its dwindling oil revenues to generate
positive overall rates of economic growth, while at the same time
meeting to the fullest extent possible the basic needs of the majority of the
population. Clearly any future growth strategy must involve devising means
whereby the private sector will assume a more important role in expanding
not only output, but perhaps more importantly in sustaining a level of
effective domestic demand to stave off any further recessionary tendencies
stemming from reduced government expenditures. This is especially critical
in the non-hydrocarbon manufacturing sector, which is almost totally dependent
on the local market for sales.
Type
Article
Description
Rivista Internazionale di Science Economiche e Commerciali, January, 1991.
Refereed Journal Article
Refereed Journal Article
Series/Report No
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Citation
Looney, R.E., "The Viability of Saudi Arabian Industrial Diversification Efforts: the Consequences of Declining Government Expenditures," Rivista Internazionale di Science Economiche e Commerciali, January, 1991.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.