Benefits of The Book to Students & Researchers

The Saudi Arabian Economy: Policies, Achievements & Challenges

Other Books of  the Author:

- The GCC Economies
- Political, Economic and Financial Country Risk

Saudi Economy Book:  Overview  |   Cover  |   Content Table  |   Benefits   |   Reviews

Students and Researchers Benefits

The book has over 250 tables and diagrams and an up-to-date bibliography on Saudi Arabia drawn from both official and private sources.  The Tables are current, and are summarized in a manner to make them easily understood by students and researchers.  Topics of interest concerning Saudi Arabian policies such Foreign Direct Investment, Globalization, Women's economic participation are summarized concisely for easy class discussion.  One such example is the issue of “Saudization”  or the replacement of foreign workers with Saudi labor. The table below summarizes such a topic for students to asses the main issues faced by the private sector and the justifications given by this sector in not fully implementing government directed Saudization  policies.

Table 12.4 Private sector Saudization issues

Issues

Private Sector Justifications

1.  Labor cost

·  The relatively high cost of Saudi manpower, compared to foreign manpower, results in private sector reliance on imported cheap manual labor, deployed in labor-intensive occupations. This helps private sector profitability despite government attempts to increase expatriate costs (Residency or Iqama, Visa renewals, etc.).

2.  Social and cultural perceptions

·  Saudis are reluctant to take up and seriously pursue certain types of jobs, despite Saudization directives. For example, the forced Saudization of employees in the vegetable markets has failed. Social Status is still important for young Saudis as it affects marriage and other social relations.

3.  Control over process of production

·  Expatriate workers are easier to control and more disciplined than Saudis. Control is exercised through short-term employment contracts. In some cases, there are few legal obligations towards expatriates, who are prohibited from changing jobs without their sponsor’s permission.

4.  Lack of social integration in multi-cultural work environment

·  Local populations are reluctant to integrate into multi-cultural work environments, fearing that it might degrade their existing status.

5.  Job tenure

·  It is more difficult to fire Saudi workers than foreign workers.

6.  Inadequate  qualifications

·  Saudi employees may have inadequate qualifications, a lack of good English or a non-technical background.

7.  Mobility

·  Saudi workers are less mobile than foreigner workers; they are reluctant to change job locations.

   Such tables help to clarify to the readers the necessary steps to take to overcome perceived problems and obstacles.  Students are also provided with beginning of Chapter learning objectives and outcomes, and end of Chapter summaries as well as further questions for class discussions or research.

Saudi Arabia, Economy, Kingdom of Saudi Arabia, Economic Developments, Islam, Makkah, Madina, Organization of Islamic Conference (OIC), oil reserves, OPEC, domestic terrorism, alternative energy, strategic relationships, FT Global 500, globalization, economic reforms, King Abdullah, Saudi Economy, Dr. Ramady, Mohamed A Ramady, FCIB, oil policy, Middle-East, The Saudi Arabian Economy: Policies, Achievements and Challenges, economic planning, Saudi budgetary framework, oil income, Saudi Arabian Monetary Agency’s (SAMA), Islamic financial services, capital markets, Saudi women, Saudization, youth unemployment, Gulf Cooperation Council, GCC,
Dr. Ramady's Books:
- The Saudi Arabian Economy

The GCC Economies











 
 
 
 

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