Stakeholding as a new development strategy for Saudi Arabia

Giacomo Corneo

No 2010/20, Discussion Papers from Free University Berlin, School of Business & Economics

Abstract: The transition from an oil-based to a knowledge-based economy requires that the Saudi population dramatically increases its level of human capital. This paper argues that noncognitive skills may be a bottleneck in the formation of human capital and proposes a policy to indirectly strengthen those skills. The core of the proposal is a government-financed gift to each Saudi citizen reaching adult age, the SSGY.

Keywords: Saudi Arabia; Stakeholder Society; Value Systems; Economic Development (search for similar items in EconPapers)
JEL-codes: O0 Z1 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-ene
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https://www.econstor.eu/bitstream/10419/43691/1/637351231.pdf (application/pdf)

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Journal Article: Stakeholding as a New Development Strategy for Saudi Arabia (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fubsbe:201020

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