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The Macro Economy: Performance, Structure and Problems

John R. Presley
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John R. Presley: Loughborough University

Chapter 2 in A Guide to the Saudi Arabian Economy, 1984, pp 9-48 from Palgrave Macmillan

Abstract: 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.

Keywords: Saudi Arabia; Government Expenditure; Money Supply; Government Spending; Capital Formation (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-05741-2_2

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