Economic Globalization: The Modernization Process Under Vision 2030 : The Impact of Economic Globalization on Saudi Arabia under the Modernization process of Vision 2030 (2016-2020)

Hend El-Sayed

ISBN 10: 6204728814 / ISBN 13: 9786204728810

Published by LAP LAMBERT Academic Publishing, 2021

About this Item

nach der Bestellung gedruckt Neuware - Printed after ordering - Using trickle-down effect of Kuznets theory as advanced by Adam Sayed, the study argues that despite KSA succeeded to achieve high economic growth during the period of 2016-2020, yet, this economic growth masked income inequality in KSA among Saudis nationals on the one hand, and between Saudis and migrant workers on the other hand. The positive outcomes of economic reforms are driven by the opportunities resulting from KSA vision 2030 for modernization. However, these modernization efforts are challenged by internal and external factors, which undermine KSA's ability to benefit from economic globalization leading instead to income inequality. The internal factors refer to the nature of the kingdom as a rentier state that bases its legitimacy on the authoritarian redistributive bargains as well as its conservative Sunni Wahhabism identity. On the other hand, the external factors that undermined KSA ability to take advantage of economic globalization are the Iranian Houthi threat in Yemen and the global pandemic.

Seller Inventory # 9786204728810

Bibliographic Details

• Title: Economic Globalization: The Modernization Process Under Vision 2030 : The Impact of Economic Globalization on Saudi Arabia under the Modernization process of Vision 2030 (2016-2020)
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2021
• Language: English
• ISBN 10: 6204728814
• ISBN 13: 9786204728810
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 6D millimeters 220 millimeters width by 150 millimeters height by 6 millimeters depth
• Weight: 149 grams

About this title

Synopsis

Using trickle-down effect of Kuznets theory as advanced by Adam Sayed, the study argues that despite KSA succeeded to achieve high economic growth during the period of 2016-2020, yet, this economic growth masked income inequality in KSA among Saudis nationals on the one hand, and between Saudis and migrant workers on the other hand. The positive outcomes of economic reforms are driven by the opportunities resulting from KSA vision 2030 for modernization. However, these modernization efforts are challenged by internal and external factors, which undermine KSA’s ability to benefit from economic globalization leading instead to income inequality. The internal factors refer to the nature of the kingdom as a rentier state that bases its legitimacy on the authoritarian redistributive bargains as well as its conservative Sunni Wahhabism identity. On the other hand, the external factors that undermined KSA ability to take advantage of economic globalization are the Iranian Houthi threat in Yemen and the global pandemic.