Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
827
result(s) for
"Saudi Arabia Foreign economic relations."
Sort by:
Cutting through the Hype: Understanding the Economic Potential of Saudi Arabia-Israel Diplomatic Relations
This article will assess the extent of future trade relations between Israel and Saudi Arabia after normalization, and attempt to identify key sectors likely to benefit from the diplomatic shift. Using a robust methodology, we aim to project potential trade volumes between the two countries and discuss the challenges inherent to the new economic landscape. The core of this analysis uses 2020 trade figures, a pivotal year marked by the signing of the \"Abraham Accords\", to project future trends and estimate potential trade figures between KSA and Israel in the coming years. The strength of our research lies not in its precise trade volume calculations but in the highlighted sectors poised for growth and an understanding of factors that influence economic cooperation. Initially focused on Saudi Arabia—the more sought-after party in this context—the article details both the current measures taken to align KSA politically and diplomatically with Israel and previous steps taken to reach a peace agreement. We then discuss relevant regional and geopolitical developments. Moving on to our economic analysis, we highlight factors that could shape or alter the scope of transactions between the two countries. Finally, we introduce our method for evaluating the economic potential between Saudi Arabia and Israel, by comparing it with World Trade Organization data from various countries already trading with Saudi Arabia in similar fields.
Journal Article
Saudi Arabia and the new strategic landscape
Joshua Teitelbaum evaluates Saudi foreign policy in the Persian Gulf and in the Arab-Israeli peace process and provides a shrewd assessment of the Saudi-U.S. relationship. He debunks the traditional view of Saudi foreign policy that emphasizes the Saudi concern with the Israeli-Palestinian conflict and explains how the true concern of Arabia's rulers is the ideological battle that has been opened up by Iran's push into Arab affairs.
eBook
Does financial innovation foster financial inclusion in Arab world? examining the nexus between financial innovation, FDI, remittances, trade openness, and gross capital formation
The present paper aims to study the impacts of financial innovation on financial inclusion for selected 22 Arab countries from 2004 to 2020. It considers financial inclusion as a dependent variable. It describes ATMs and the number of commercial banks’ depositors as proxy variables. In contrast, financial inclusion is considered an independent variable. We used the ratio between broad and narrow money to describe it. We employ several statistical tests such as lm, Pesaran, and shin W-stat, a- tests for cross-section dependence, and unit root and panel granger causality with NARDL and system GMM approaches. The empirical results reveal the significant nexus between these two variables. The outcomes suggest that adaptation and diffusion of financial innovation play catalyst roles in bringing unbanked people into the financial network. In comparison, the inflows of FDI establish mixed positive and negative effects, which vary with model estimation following different econometrical tools. It is also revealed that FDI inflow can augment the financial inclusion process, and trade openness can play a directive role and enhance the financial inclusion process. These findings suggest that financial innovation, trade openness, and institutional quality should continue in the selected countries to enhance financial inclusion and promote capital formation in the selected countries.
Journal Article
Making the desert modern : Americans, Arabs, and oil on the Saudi frontier, 1933-1973
In 1933 American oilmen representing what later became the Arabian American Oil Company (Aramco) signed a concession agreement with the Saudi Arabian king granting the company sole proprietorship over the oil reserves in the country’s largest province. As drilling commenced and wells proliferated, Aramco soon became a major presence in the region. In this book Chad H. Parker tells Aramco’s story, showing how an American company seeking resources and profits not only contributed to Saudi “nation building” but helped define U.S. foreign policy during the early Cold War.
In the years following World War II, as Aramco expanded its role in Saudi Arabia, the idea of “modernization” emerged as a central component of American foreign policy toward newly independent states. Although the company engaged in practices supportive of U.S. goals, its own modernizing efforts tended to be pragmatic rather than policy-driven, more consistent with furthering its business interests than with validating abstract theories. Aramco built the infrastructure necessary to extract oil and also carved an American suburb out of the Arabian desert, with all the air-conditioned comforts of Western modern life. At the same time, executives cultivated powerful relationships with Saudi government officials and, to the annoyance of U.S. officials, even served the monarchy in diplomatic disputes. Before long the company became the principal American diplomatic, political, and cultural agent in the country, a role it would continue to play until 1973, when the Saudi government took over its operation.
eBook
A Multiple and Partial Wavelet Analysis of the Oil Price, Inflation, Exchange Rate, and Economic Growth Nexus in Saudi Arabia
This article provides a fresh insight into the dynamic nexus between oil prices, the Saudi/US dollar exchange rate, inflation, and output growth rate in Saudi Arabia' economy, using novel Morlet' wavelet methods. Specifically, it implements various tools of methodology: the continuous wavelet power spectrum, the cross-wavelet power spectrum, the wavelet coherency, the multiple and the partial wavelet coherence to the annual sample period 1969-2014. Our results unveil that the relationships among the variables evolve through time and frequency. From the time-domain view, we show strong but non-homogenous linkages between the four variables. From the frequency-domain view, we uncover significant wavelet coherences and strong lead-lag relationships. From an economic view, the wavelet analysis shows that Saudi economy is still exposed to several global risk factors, which are mainly related to the oil market volatility, and the pegging of the local currency to the US dollar. Such risk factors strongly and negatively affect the real economic growth, exert more pressure on inflation, and substantially limit the freedom to pursue an independent monetary policy.
Journal Article
China and the gulf cooperation council countries
This book examines China's relations with member states of the Gulf Cooperation Council.It highlights the depth of China's ties with the region bilaterally and multilaterally on a five-dimensional approach: political relations, trade relations, energy security, security cooperation, and cultural relations.
eBook
Whose aid? Whose influence? China, emerging donors and the silent revolution in development assistance
Rising economies including China, the United Arab Emirates, Brazil, Korea, India, Kuwait and Saudi Arabia are subtly changing the rules of foreign aid with profound consequences for the role of multilateral institutions and conditionality. Fears abound that this new aid is bolstering rogue states, fuelling corruption, and increasing the debt burdens of poor countries. This article critically assesses these arguments before dissecting the attractions of emerging donors' aid against a background of established donors' failure to deliver on promises to increase aid, reduce conditionality, better coordinate and align aid efforts, and reform the aid architecture. It argues that a silent revolution is taking place whereby the emerging donors are not overtly attempting to overturn the rules of multilateral development assistance, nor to replace them. Rather, by quietly offering alternatives to aid-receiving countries, they are weakening the bargaining position of western donors. The resulting tensions underscore the urgency of reforming the multilateral aid system.
Journal Article
The impact of economic factors on Saudi Arabia's foreign trade with BRICS countries: A gravity model approach
Our investigation, bolstered by the robust gravity trade model and panel data econometric technique, underscores the pivotal factors that influence trade interactions between Saudi Arabia and the BRICS nations - Brazil, Russia, India, China, and South Africa. The study, spanning from 1998 to 2023, delves into key economic metrics such as the gross domestic product, exchange rate fluctuations, inflationary trends, political conditions, and trade deals. We employ a range of econometric strategies, including pooled Ordinary Least Squares (OLS) and fixed effects models, to reveal that the GDP of BRICS states consistently and significantly impacts trade volumes. Specifically, a 1% increase in the GDP of partner countries correlates with a 0.37% rise in trade volume within the pooled OLS model. This effect amplifies to 1.43% when adjusting for temporal and country-specific factors in the fixed effects, underscoring the importance of accommodating unobserved heterogeneity, which refers to the unmeasured factors that can influence the relationship between GDP and trade volume. The political stability of BRICS nations mitigates transactional risks and promotes more stable trade relationships, thereby enhancing trade flows. Fluctuations in exchange rates exert positive and significant effects. This indicates that a more robust Saudi Riyal, an essential policy instrument, can enhance trade by increasing the competitiveness of Saudi exports. This study demonstrates that economic magnitude, political stability, and exchange rates affect Saudi Arabia's trade with BRICS nations. These results bolster the Kingdom's Vision 2030 objectives for economic diversification. This research advocates for stable political climates and strategic trade agreements to enhance trade relations. This study asserts that this approach will guarantee sustainable growth and diminish the Kingdom’s reliance on oil exports, instilling optimism in the Saudi economy.
Journal Article