The Evolution and Evaluation of Saudi Arabian Economic Planning
Abstract
Since the first Plan was introduced in 1970, the government has followed an overall policy to increase output so as to sustain the growth of employment and increase standards of living but at levels which will not create serious dislocation or social instability in the country. The Plans have outlined multifaceted approaches to the many problems endemic to a developing country. The focus has been to expand the national resource endowments of the country, to rectify shortages, and to spread the benefits growth throughout the economy. The recent economic growth in Saudi Arabia is undoubtedly due in a major way to successful government planning and subsequent intervention. The completion of the Third Plan in early 1985 and the initiation of an ambitious Fourth Plan in the wake of declining oil revenues and weakening OPEC solidarity is evidence that Saudi Arabia has reached a possible water-shed in its development efforts. This paper reviews the evolution of Saudi planning since 1970 and evaluates the country's unique approach to economic-development.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1985
- Accession Number
- ADA563862
Entities
People
- P. C. Frederiksen
- Robert E. Looney
Organizations
- Naval Postgraduate School