{"product_id":"the-economy-of-saudi-arabia-john-sfakianakis-9780198863878","title":"The Economy of Saudi Arabia in the 21st Century: Prospects and Realities","description":"This book is about Saudi Arabia's efforts to overhaul its economy and the numerous prospects and challenges it faces in doing so. As one of the world's leading oil producers, the outcomes of the most ambitious wave of reforms Saudi Arabia has ever undertaken will provide valuable lessons not only for the kingdom itself but also for other oil-dependent and resource-based economies. \u003cp\u003e\u003c\/p\u003eSince 2016, Saudi Arabia has embarked on an unparalleled economic - if not social and political - transformation project with an ultimate aim of diversifying away from oil. New sources of growth such as tourism, industry, and entertainment have been identified, but it remains to be seen whether these will be enough to sustain the economy in the post-oil era. Reforms, including lowering energy subsidies, instituting VAT, and introducing indirect taxes on labor and businesses, have already produced notable results. \u003cp\u003e\u003c\/p\u003eLooking ahead, the economy requires rigorous and continuous processes of severe competition amongst its private sector participants as well as strong institutions. It also requires creative destruction to be allowed to run its course within the wider economy. The economic reform experiment undertaken by Saudi Arabia remains the most sweeping among emerging market economies - and certainly in the entire Middle East. The changes are all encompassing and involve a complex redrawing of the political, economic, religious, and social map.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e John Sfakianakis\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 019886387X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780198863878\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/28\/2024\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 464\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.85lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.90h x 6.80w x 1.80d","brand":"John Sfakianakis","offers":[{"title":"Hardcover","offer_id":46640756064511,"sku":"9780198863878","price":140.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_a434e726-5ee3-41d4-8369-ed7ee45a526f.jpg?v=1740670440","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-economy-of-saudi-arabia-john-sfakianakis-9780198863878","provider":"WR Book House","version":"1.0","type":"link"}