Kingdom of Saudi Arabia on the trunk road of modernization (Paperback) (ISBN-13: 9786209053764)

Saudi Arabia has been a major player in international relations for decades. The main objective of this study is to identify, in the political context of modernization, the role of economic growth factors in this key oil-producing country, which has been a member of OPEC since 1960. The author, relying primarily on the endogenous Caldorian growth model with a built-in mechanism of technological progress, examines various aspects of the modern development of Saudi Arabia and the radical transformation of its society. He concludes on the continuing importance of mineral wealth for the Saudi economy, while showing the decline in its contribution to the productivity of social labor. This necessitates the diversification of the national economy, the most obvious example of which is the development of the manufacturing industry.

Author: György Szymon
ISBN-10: 6209053769
ISBN-13: 9786209053764
Publisher: Our Knowledge Publishing
Language: English
Published: 09/26/2025
Pages: 108
Format: Paperback
Weight: 0.34lbs
Size: 9.00h x 6.00w x 0.26d