Global Implications of Lower Oil Prices


Book Description

The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.




State, Society and Economy in Saudi Arabia (RLE Saudi Arabia)


Book Description

Saudi Arabia is one of the most important countries in the modern world. Not only does it possess some 25 per cent of the world’s proven oil reserves, it also plays a crucial role in the wider Gulf region where over 50 per cent of proven reserves are located. Developments in Saudi Arabia will inevitably affect the economic well-being of the Western industrialised world, Japan and much of the Third World. At the same time, Saudi Arabia is ruled in a traditional way by an all-powerful king and royal family, and is one of the key countries of Islam, the Holy City of Mecca being within the country’s boundaries. The inroad of modern Western forces into this traditional Islamic society is underlined by the fact that may key posts are filled with imported Western workers. This book, first published in 1982, containing contributions by the world’s leading Middle Eastern experts, provides a comprehensive overview of important social, political and economic developments in Saudi Arabia. The opening chapters consider the formation of the Saudi State, and the bulk of the book surveys key themes such as political opposition, the oil industry, energy policy, banking, external relations and the future direction of development.







Oil and Development in the Arab Gulf States


Book Description

Oil and Development in the Arab Gulf States (1985) brings together in one volume the manifold sources of information on the Arab Gulf region, especially the impact of oil revenues on its economic, political and social development. It provides a balanced core of primary and secondary sources on various aspects of the economics of Arab oil between 1973 and 1983.




Saudi Arabia, a Country Study


Book Description




Critical Factors Affecting Saudi Arabia's Oil Decisions


Book Description

Critical Factors Affecting Saudi Arabia's Oil Decisions