A Growth Collapse with High Rent Point Resources
Saudi Arabia
Bibliographic Data
| ID | 23746213 |
|---|---|
| Editors | Richard M Auty |
| Year | 2004 |
| Pages | 193-207 |
| Publication date | 2004-10-07 |
| Open Access | No |
| Type | CHAPTER |
| Venue | Resource Abundance and Economic Development (WIDER Studies in Development Economics) (SOURCE_BOOK) |
| Publisher | Oxford University PressOxford (PUBLISHER) |
| DOI | 10.1093/0199275785.003.0012 |
| OpenAlex | W2489058517 |
| ISBN | 9780199275786 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
This chapter examines the growth collapses in Saudi Arabia in the mid-1980s. The growth collapses occurred because resource rents encouraged the relaxation of market discipline that compounded distortions within the economy that were politically difficult to correct. Saudi Arabia’s paternalistic government played Santa Claus with the rents, such that even large investments in education left most nationals ill-equipped to cope without state support.
Business · Development economics · Economic rent · Economics · Government (linguistics) · Market economy · Paternalism · Point (geometry) · Political science · Politics · Rent-seeking · State (computer science) · Economic Growth and Productivity · Law · Natural Resources and Economic Development · Socioeconomic Development in MENA
| Citations per year | 0.1 |
|---|---|
| Citation span | 2006 - 2008 (3) |
| Highly cited | No |