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Stakeholding as a new development strategy for Saudi Arabia

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  • 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.

Suggested Citation

  • Corneo, Giacomo, 2010. "Stakeholding as a new development strategy for Saudi Arabia," Discussion Papers 2010/20, Free University Berlin, School of Business & Economics.
  • Handle: RePEc:zbw:fubsbe:201020
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    References listed on IDEAS

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    12. Corneo, Giacomo & Jeanne, Olivier, 2010. "Symbolic values, occupational choice, and economic development," European Economic Review, Elsevier, vol. 54(2), pages 237-251, February.
    13. Akerlof, George A, 1983. "Loyalty Filters," American Economic Review, American Economic Association, vol. 73(1), pages 54-63, March.
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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; Value Systems; Economic 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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