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Stakeholding as a new development strategy for Saudi Arabia

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Author Info

  • Corneo, Giacomo

Abstract

The transition from an oil-based to a knowledge-based economy requires that the Saudi population dramatically increases its level of human capital. This paper argues that noncognitive skills may be a bottleneck in the formation of human capital and proposes a policy to indirectly strengthen those skills. The core of the proposal is a government-financed gift to each Saudi citizen reaching adult age, the SSGY. --

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Bibliographic Info

Paper provided by Free University Berlin, School of Business & Economics in its series Discussion Papers with number 2010/20.

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Date of creation: 2010
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Handle: RePEc:zbw:fubsbe:201020

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Keywords: Saudi Arabia; Stakeholder Society; Value Systems; Economic Development;

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  1. Becker, Sascha & Hornung, Erik & Woessmann, Ludger, 2009. "Catch Me If You Can: Education and Catch-up in the Industrial Revoluti on," Stirling Economics Discussion Papers 2009-19, University of Stirling, Division of Economics.
  2. Flavio Cunha & James J. Heckman, 2009. "The Economics and Psychology of Inequality and Human Development," NBER Working Papers 14695, National Bureau of Economic Research, Inc.
  3. James J. Heckman & Jora Stixrud & Sergio Urzua, 2006. "The Effects of Cognitive and Noncognitive Abilities on Labor Market Outcomes and Social Behavior," Journal of Labor Economics, University of Chicago Press, vol. 24(3), pages 411-482, July.
  4. Frederick van der Ploeg, 2010. "Voracious Transformation Of A Common Natural Resource Into Productive Capital," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(2), pages 365-381, 05.
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Cited by:
  1. Giacomo Corneo, 2011. "Work Norms and the Welfare State," CESifo Working Paper Series 3665, CESifo Group Munich.

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