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Stakeholding as a New Development Strategy for Saudi Arabia

Author

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  • Corneo Giacomo

    (Free University of Berlin)

Abstract
The transition from an oil-based to a knowledge-based economy requires that the population dramatically increases its level of human capital. This paper examines ways to achieve that transition in Saudi Arabia. It argues that massive public investment in education is not sufficient since non-cognitive skills are a bottleneck in the process of building human capital. In order to strengthen those skills, a set of reforms is proposed. The core of the proposal is the introduction of a social inheritance to each Saudi citizen reaching adult age, the SSGY.

Suggested Citation

  • Corneo Giacomo, 2011. "Stakeholding as a New Development Strategy for Saudi Arabia," Review of Middle East Economics and Finance, De Gruyter, vol. 7(1), pages 1-19, May.
    • Handle: RePEc:bpj:rmeecf:v:7:y:2011:i:1:n:1
    DOI: 10.2202/1475-3693.1331
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    References listed on IDEAS

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    7. Corneo, Giacomo & Jeanne, Olivier, 2009. "A theory of tolerance," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 691-702, June.
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    Cited by:

    1. Giacomo Corneo, 2012. "Work Norms and the Welfare State," CESifo Economic Studies, CESifo Group, vol. 58(4), pages 599-625, December.
    2. Fahad Nasser F. Alarjani & Bilal Anwar & Hassan Danial Aslam & Shahid Iqbal & Arslan Ayub, 2020. "A Moderated Mediation Model of Entrepreneurial Self-Efficacy, Institutional Environment, and Entrepreneurial Orientation for SME Development," SAGE Open, , vol. 10(3), pages 21582440209, July.

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    More about this item

    Keywords

    Saudi Arabia; stakeholder society; values; development;
    All these keywords.

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • Z1 - Other Special Topics - - Cultural Economics

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