Graduation Year
2019
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Environment, Economics and Politics
Reader 1
William Ascher
Reader 2
Patrick Van Horn
Rights Information
© 2019 Dena N Kleemeier
Abstract
Saudi Arabia faces a universally acknowledged need to diversify beyond hydrocarbons. The Saudi Arabian government has outlined a strategy to achieve diversification through its Vision 2030 reform plan. Contrary to the Vision 2030 plan, the Saudi government should allow for entrepreneurs and market signals to determine diversification when considering what sectors should receive investment, with the exception of broad infrastructure investments contributing to the overall enabling environment. Government lending for private-sector investments need to have plausibly high projected rates of return, and meet minimum standards of environmental and social responsibility, requiring participation by multiple government ministries sufficiently insulated from the government.
Recommended Citation
Kleemeier, Dena, "Economic Diversification in Saudi Arabia: Looking Beyond Oil" (2019). Scripps Senior Theses. 1333.
https://scholarship.claremont.edu/scripps_theses/1333
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
