Stakeholding as a new development strategy for Saudi Arabia
AbstractThe 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 InfoPaper provided by Free University Berlin, School of Business & Economics in its series Discussion Papers with number 2010/20.
Date of creation: 2010
Date of revision:
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More information through EDIRC
Saudi Arabia; Stakeholder Society; Value Systems; Economic Development;
Other versions of this item:
- 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.
- O0 - Economic Development, Technological Change, and Growth - - General
- Z1 - Other Special Topics - - Cultural Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-01-23 (All new papers)
- NEP-ARA-2011-01-23 (MENA - Middle East & North Africa)
- NEP-CWA-2011-01-23 (Central & Western Asia)
- NEP-ENE-2011-01-23 (Energy Economics)
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