Stakeholding as a New Development Strategy for Saudi Arabia
AbstractThe 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.
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Bibliographic InfoArticle provided by De Gruyter in its journal Review of Middle East Economics and Finance.
Volume (Year): 7 (2011)
Issue (Month): 1 (May)
Contact details of provider:
Web page: http://www.degruyter.com
Other versions of this item:
- Corneo, Giacomo, 2010. "Stakeholding as a new development strategy for Saudi Arabia," Discussion Papers 2010/20, Free University Berlin, School of Business & Economics.
- O0 - Economic Development, Technological Change, and Growth - - General
- Z1 - Other Special Topics - - Cultural Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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