The Difficulties Facing the Saudi Economy Integration in the Global Capital Accumulation Formation
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Abstract:
The primary concern of the article lies in this question: Why cannot the capital accumulation in Saudi Arabia (despite the advantages of globalization, young workforce, understanding about inefficiency of oil-based economy and planning to economic reform) transfer from an oil-dependent accumulation formation to a post-industrial accumulation? In order to answer this question, the author suggests that changes in the process of capital accumulation in Saudi Arabia depend on changes the government's approach to society, the private sector (restrictions on civil society) and its costly foreign policy. As long as the government's approach will continue, accumulation in Saudi Arabia will depend on oil and will not have the elements of global capital accumulation such as: science and technology, specialty of internal experts, and benefits of service sector.
Article Type:
Research/Original Article
Language:
Persian
Published:
Journal Strategic Studies of Public Policy, Volume:9 Issue:31, 2019
Pages:
173 - 193
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