Epilogue

J. W. Wright
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J. W. Wright: Washington College

A chapter in Business and Economic Development in Saudi Arabia, 1996, pp 197-198 from Palgrave Macmillan

Abstract: Abstract Business and Economic Development in Saudi Arabia has provided a forum for its contributors to provide an insight into the cultural, economic, legal and social values that have shaped the commercial sector development planning efforts in Saudi Arabia. The Kingdom is too often perceived as a desert country without real industry, or it is perceived as being so wealthy from oil revenues that it need not worry about developing real industry. Neither of these perceptions is true. Upon closer examination the Kingdom exhibits diversity and vitality, based on an Islamic and Arabian heritage that it is both confining and yielding to the business development process. The influence of rapid, oil-financed modernisation has obviously added new dimensions to the Saudi Arabian economy that are unlike any other in the world, but rather than purchase Western lifestyles wholesale, Saudi planners have chosen to create a pattern of development that reflects their community’s specific needs. This has allowed the Kingdom to gain political leverage around the globe and at the same time remain focused on raising the standard of living of its people.

Keywords: Saudi Arabia; Business Development; Large Metropolitan Area; City Dweller; Infrastructure Construction (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25096-7_14

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DOI: 10.1007/978-1-349-25096-7_14

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