Reforms and Economic Planning



In the space of a few years since the first edition of this book in 2005, the Kingdom has witnessed some fundamental changes taking place which few would have predicted to happen so soon. The entry of Saudi Arabia to the World Trade Organization in 2005 was probably one catalyst to speed up domestic economic and administrative reforms, but the momentum for change was already in the making, primarily driven by King Abdullah bin Abdulaziz. Upon succeeding to the throne in August 2005 following the death of King Fahd, the Custodian of the Two Holy Mosques, the King’s official title, embarked on a series of domestic reforms the outcome of which are not yet fully certain, but which will determine the direction and pace of Saudi economic development over the next decades. The outcome is not important just for Saudi Arabia, but for the wider world given the Kingdom’s strategic geopolitical importance in the world and its enhanced role in such bodies as the G20 bloc and multilateral organizations like the International Monetary Fund and the World Bank. Saudi Arabia continues to play a significant role in energy matters, possessing around a quarter of the world’s proven oil reserves.


Private Sector Business Cycle Saudi Arabia World Trade Organization Export Diversification 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Abdeen, Adnan and Shook, Dale. “The Saudi Financial System in the Context of Western and Islamic Finance”. New York, NY: John Wiley & Sons, 1984.Google Scholar
  2. Askari, Hossein. “Saudi Arabia’s economy: oil and the search for economic development”. Contemporary Studies in Economic and Financial Analysis. No. 67. Greenwich, CT: Jai Press, 1990.Google Scholar
  3. Askari, Hossein, Vahid, Nowshirvani. and Mohamed, Jaber. “Economic Development in the GCC: The Blessing and the Curse of Oil”. Greenwich, ConnecticuT: JAI Press, 1997.Google Scholar
  4. Auty, R.M. “Resource Abundances and Economic Development”. Oxford: Oxford University Press, 2001.Google Scholar
  5. Azzam, H. “The Arab World: Facing the Challenges of the New Millennium”. IB Tauris, London, 2002.Google Scholar
  6. Bashir, F, Al. “A Structural Econometric Model of the Saudi Arabian Economy, 1960–1970”. New York, NY: Wiley, 1977.Google Scholar
  7. Bernstein, H. (ed.). “Underdevelopment and Development”. Harmondsworth: Penguin Book, 1973.Google Scholar
  8. Chadhury, Kiren Aziz. “The price of wealth: business and state in labor remittance and oil economies”. International Organization. Vol. 43, pp. 101–45. Winter 1989.CrossRefGoogle Scholar
  9. Chadhury, Kiren Aziz. “The Price of Wealth: Economies and Institutions in the Middle East”. Ithaca, NY: Cornell University Press, 1997.Google Scholar
  10. Champion, Daryl. “The Paradoxical Kingdom: Saudi Arabia and the Momentum of Reform”. C. Hurst and Co. UK, 2003.Google Scholar
  11. Chenery, H. “Structural Change and Development Policy”. London: Oxford University, 1979.Google Scholar
  12. Cleron, Jean-Paul. “Saudi Arabia 2000: A Strategy for Growth”. London: Croom Helm, 1978.Google Scholar
  13. Cordesman, A.H. “Saudi Arabia Enters the 21st Century”. New York, NY: Praeger, 2003.Google Scholar
  14. Ehteshami, A. “The politics of participation in the oil monarchies”. in Najem, Tom and Hetherington, Martin (ed.) Good Governance in the Middle East Oil Monarchies. London: Routledge Curzon, 2003.Google Scholar
  15. Farsi, Fouad, Al. “Saudi Arabia: A Case Study in Development”. London: Routledge and Kegan Paul International, 1982.Google Scholar
  16. Gelb, A.H. et al. “Oil Windfalls: Blessing or Curse?”. New York, NY: Oxford University Press, 1998.Google Scholar
  17. Hegelan, A, Al and Palmer, M. “Bureaucracy and Development in Saudi Arabia”, in Niblock, T and Wilson R. (ed.). The Political Economy of the Middle East. Vol. 5. pp. 1–22, Cheltenham: Edward Elgar, 1999.Google Scholar
  18. Karl, Terry Lynn. “The Paradox of Plenty: Oil Booms and Petro-States”. Berkeley and Los Angeles: University of California Press, 1997.Google Scholar
  19. Looney, R. “Saudi Arabia’s Development Strategy: Comparative Advantage versus Sustainable Development,” Orient. 75–96. March 1989.Google Scholar
  20. Mallakh, Ragaei, El and Mallakh, Dorothea, El. “Saudi Arabia: Energy, Developmental Planning, and Industrialization” Lexington, MA: Lexington Books, 1982.Google Scholar
  21. Masmoudi, M. “The Arab World and the Information Age: Promises and Challenges”. in “The Information Revolution and the Arab World: Its Impact on State and Society”. The Emirates Centre for Strategic Studies and Research. Abu Dhabi. pp. 120–140, 1998.Google Scholar
  22. Ministry of Planning. “Eighth Development Plan, 2004–2009”, Riyadh. 2004.Google Scholar
  23. Najem, Tom and Hetherington, Martin (ed.). “Good Governance in the Middle East Oil Monarchies”. London: RoutledgeCurzon, 2003.Google Scholar
  24. Osama, Abdul Rahman. “The Dilemma of Development in the Arabian Peninsula”. London: Croom Helm, 1987.Google Scholar
  25. Rasheed, M, Al. “A History of Saudi Arabia”. Cambridge: Cambridge University Press, 2002.Google Scholar
  26. Thirwall, A.P. “Growth and Development”. London: Macmillan, 1994.Google Scholar
  27. Todaro, M. “Economic Development”. London: Longmans, 1994.Google Scholar
  28. Yamani, Mai. “The New Generation in the GCC: the case of Saudi Arabia”, in Rosemary Hollis (ed.), “Oil and Regional Developments in the Gulf”. London: The Royal Institute of International Affairs, 1998.Google Scholar
  29. Yamani, Mai. “Changed Identities: The Challenge of the New Generation in Saudi Arabia”. London: The Royal Institute of International Affairs, 2000.Google Scholar
  30. Malik, Monica. “The Role of the Private Sector”, in Wilson, Rodney, A. Salamah, M. Malik and A. Rajhi. “Economic Development in Saudi Arabia”. Routledge Curzon. pp. 126–138, 2004.Google Scholar

Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of Finance and EconomicsKing Fahd University of Petroleum and MineralsDhahranSaudi Arabia

Personalised recommendations