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The Macro Economy: Performance, Structure and Problems

In: A Guide to the Saudi Arabian Economy

Author

Listed:
  • John R. Presley

    (Loughborough University
    Saudi British Bank)

Abstract

The kingdom of Saudi Arabia now stands at a crossroads of economic development. 1400 witnessed the completion of the second five-year period of development planning and the implementation of the Third Development Plan (1400–5). In marked contrast to most other developing nations, and as a result of the oil price rises from 1393 onwards, there has been no shortage of finance to promote economic activity; but finance alone cannot guarantee progress and problems have been encountered in converting financial into productive, physical resources, particularly problems associated with inflation and manpower shortages.

Suggested Citation

  • John R. Presley, 1984. "The Macro Economy: Performance, Structure and Problems," Palgrave Macmillan Books, in: A Guide to the Saudi Arabian Economy, chapter 2, pages 9-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05741-2_2
    DOI: 10.1007/978-1-349-05741-2_2
    as

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