Saudi Arabia preserves tradition in a changing society.
The Middle East › Nbr. 1993, March 1993
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Summary
Special Report - Cover Story
The Kingdom of Saudi Arabia is faced with the difficult task of preserving its cultural and historical identity in a background of rapid economic growth. The prospects for its oil industry remains favorable. However, the continued trend in budget deficits, though still manageable, is beginning to cause concern. The growing dependence on domestic borrowing is feared to eat up much of available funds that would be otherwise used for private sector development. Political reforms fail to keep up with the rate of economic change.See the full content of this document
Extract
Saudi Arabia preserves tradition in a changing society.
Saudi Arabia is evolving rapidly. The past two decades have seen extraordinary economic changes while the system of government remains much as it was when the kingdom was founded 60 years ago. Maintaining the balance between the traditional way of life and the em...
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