Economic diversification in Saudi Arabia: Myth or reality?

@inproceedings{Albassam2015EconomicDI,
  title={Economic diversification in Saudi Arabia: Myth or reality?},
  author={Bassam A. Albassam},
  year={2015}
}
Economic diversification is important for building sustainable economic growth. Thus, an economy that is highly dependent on income from a natural resource is in danger of instability or even collapse if the price of such commodity decreases in the global market. Additionally, economic diversification contributes positively to creating jobs, fighting corruption, and improving the institutional quality of countries. The Saudi government has issued 10 development plans since 1970, each covering… CONTINUE READING

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