Economic Prospects and Analysis: Saudi Arabia

Paper Summary:

This paper discusses how at first glance, the economic prospects in Saudi Arabia might seem exceptional. After all Saudi Arabia is home to one of the largest reserves of oil in the world. The paper goes on to say that the industrial world quite literally turns on the oil that is produced in Saudi Arabia and some of its neighboring nations. Given that fact, it would seem that Saudi Arabians should be living well with a bright future ahead of them.

From the Paper:

" While the current government has certainly taken great strides towards improving the economic situation in the nation, there are still significant troubles in Saudi Arabia, ones that will not easily be surmounted despite a recent surge in economic growth. One of biggest economic changes that has occurred in Saudi Arabia has happened over the past twenty or thirty years regarding per capita income."

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