{"product_id":"public-policy-in-the-saudi-rentier-state-von-cole-gibas","title":"PUBLIC POLICY IN THE SAUDI RENTIER STATE:","description":"\u003cp\u003e\"Windfall profits\" is a catch phrase often associated with the oil  boom in Saudi Arabia during the 1970s. After prices fell and  everyone saw how fragile their economy really was, ¿blessing or  curse?¿ became a catch phrase that followed. Development policy in  the kingdom changed very little during the 1980s and early 1990s,  until King Fahd had a stroke and Crown Prince Abdullah became de  facto ruler in 1995 and began a process of economic liberalization,  privatization, and increased integration with the countries from the  Gulf Cooperation Council. Record oil prices during the 2000s once  again brought the kingdom windfall profits.  This work compares Saudi Arabian public policy when oil prices  boomed during the 1970s with policies during the early 2000s.  Looking at how, why, and to what extent they have changed their  strategies between the two boom periods determine whether or not  they are shedding the negative characteristics of a rentier economy  or intensifying them. Has Saudi Arabia learned enough from the first  boom to avoid making the same mistakes? Are the reforms they''ve  made sufficient, or even in the right direction for sustainable  economic growth?\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838362991\"\u003e\u003ch3\u003eFROM BOOM TO BOOM, 1974-2005\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838362991","offer_id":39499061198941,"sku":"9783838362991","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/f66d8eb0-3fb2-40bf-b95d-fdc9336a9f33.jpg?v=1759211185","url":"https:\/\/shop.autorenwelt.de\/products\/public-policy-in-the-saudi-rentier-state-von-cole-gibas","provider":"Autorenwelt Shop","version":"1.0","type":"link"}