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Saudi Arabia: Moving Towards a Privatized Economy
Saudi Arabia Moving Towards a Privatized Economy Author:Andrea H. Pampanini Saudi Arabia: Moving Towards a Privatized Economy" is a follow-up to the author's successful first book: "Cities from the Arabian Desert: The Building of Jubail and Yanbu". It examines the next phase of economic development in the Kingdom, and the move towards privatization of its industrial base and financial institutions. It covers the new wav... more »e of current and planned investments which will bring Saudi Arabia into the 21st Century and give it economic power to be reckoned with. The new book also refers to the challenge of developing the human resource assets of the nation if the economic choices being made today are to be fruitful in the future. "Saudi Arabia: Moving Towards a Privatized Economy" will serve as an invaluable reference source for American decision makers and policy analysts who seek information on Saudi Arabia and its increasingly complex and open society. To describe the remarkable story of Saudi Arabia's economic development during the last quarter of the 20th Century, it may help to recall a passage from the author's first book: "They have raised a nation out of a wilderness that is a stalwart of modern capitalism, a committed believer in the principles of free trade, and a massive market for the world's major exporting countries. In twenty short years, the sons and grandsons of the desert Bedouins have built a modern petrochemical industry, have established two new (and profitable) industrial cities from scratch, and have provided for the many other necessities of a modern nation... The story is far from over, but its beginnings set a high, perhaps a unique, standard. Whatever is to be will be, but nothing can take away from that accomplishment."« less