Show simple item record

dc.contributor.authorLooney, Robert E.
dc.date.accessioned2014-01-27T17:10:55Z
dc.date.available2014-01-27T17:10:55Z
dc.date.issued2000-05
dc.identifier.urihttp://hdl.handle.net/10945/38470
dc.descriptionThis is a chapter from the following book: Looney, R.E., "Saudi Arabia: Measures of Transition from a Rentier State" in Joseph Kechichian ed., Iran, Iraq, and the Arab Gulf States (New York: Palgrave 2001). Conference at Middle East Center, UCLA, May 2000en_US
dc.description.abstractThe purpose of this chapter is to assess the extent to which Saudi Arabia's longterm economic development strategy is meeting its objectives. Early on after the 1973-74 oil boom, the government decided that a high proportion ofthe country's oil revenues should be spent in a manner that would encourage private sector investment and production. I Part of a larger political/military strategy,2 the economic component was to diversify the economy away from oil to the extent that self-sustaining growth could occur in the major non-oil sectors ofthe economy. Clearly, the goal is the creation of an economy capable of functioning independently of developments in the oil sector. This strategy was intended to provide more stability to the country's pattern of economic growth and development, and while several oil-producing countries express this desire, the Kingdom's planners put together a coherent investment strategy, focused on achieving this result. 3 At least publicly, the strategy has remained in place since the early 1970s.en_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. As such, it is in the public domain, and under the provisions of Title 17, United States Code, Section 105, may not be copyrighted.en_US
dc.titleSaudi Arabia: Measures of Transition from a Rentier Stateen_US
dc.typeBook Chapteren_US
dc.contributor.departmentNational Security Affairs


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record