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Could vision 2030 reforms destabilize Saudi Arabia?
[journal article]
Abstract Last month Saudi Arabia's 31-year-old deputy Crown Prince Mohammad bin Salman (MBS) proposed a bold economic plan to end the kingdom's "addiction" to oil by 2030. MBS' "Vision 2030" would transform the Saudi economy by reforming the bureaucracy, bolstering the private sector, and building the world'... view more
Last month Saudi Arabia's 31-year-old deputy Crown Prince Mohammad bin Salman (MBS) proposed a bold economic plan to end the kingdom's "addiction" to oil by 2030. MBS' "Vision 2030" would transform the Saudi economy by reforming the bureaucracy, bolstering the private sector, and building the world's largest public investment fund. Vision 2030 is also a promise to the kingdom's youth for greater opportunity and a more efficient and transparent government. With plunging oil prices and a budget deficit expected to reach 13.5 percent of GDP, Saudi Arabia clearly needs bold reforms.... view less
Keywords
economic reform; government policy; reform; Saudi Arabia; private economy; bureaucracy; transparency; economic policy
Classification
Economic Policy
Document language
English
Publication Year
2016
Page/Pages
3 p.
Journal
IndraStra Global (2016) 5
ISSN
2381-3652
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works