Saudi Arabia’s Economic Competitiveness in the Middle East

Saudi Arabia is one of the key economic players in the Middle East with a number of competitive advantages. The article analyzes these advantages as well as disadvantages and identifies measures to improve the competitive potential of Saudi Arabia. Methodologically it employs the Porter’s «diamond m...

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Autores principales:	T. V. Naumenko, K. V. Timakhov
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2019
Materias:	saudi arabia middle east the oil industry the development trend the index of global competitiveness competitive advantages the «oil curse» the institutional environment the «competitive rhombus» of porter factor analysis human capital International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/2cf887410baa4e0fb2a40bae5affcafe
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spelling	oai:doaj.org-article:2cf887410baa4e0fb2a40bae5affcafe2021-11-23T14:50:41ZSaudi Arabia’s Economic Competitiveness in the Middle East2071-81602541-909910.24833/2071-8160-2019-1-64-147-167https://doaj.org/article/2cf887410baa4e0fb2a40bae5affcafe2019-03-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/874https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Saudi Arabia is one of the key economic players in the Middle East with a number of competitive advantages. The article analyzes these advantages as well as disadvantages and identifies measures to improve the competitive potential of Saudi Arabia. Methodologically it employs the Porter’s «diamond model». Cultural, historical and socio-political trends in Saudi Arabia increase the complexity of reforming the economy and increasing its competitiveness. The current reforms are insufficient to improve the quality of human capital. Existing economic and political institutions need to be reformed. There is an obvious problem of low women’s employment. Despite the fact that Saudi Arabia occupies only the 4th place on the regional competitive index table, authors see ways to strengthen this indicator of the Kingdom’s economy. The most decisive factor in this regard as argued by the authors is the elimination of state institutional problems which are chiefly responsible for low competitiveness of the economy.T. V. NaumenkoK. V. TimakhovMGIMO University Pressarticlesaudi arabiamiddle eastthe oil industrythe development trendthe index of global competitivenesscompetitive advantagesthe «oil curse»the institutional environmentthe «competitive rhombus» of porterfactor analysishuman capitalInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 1(64), Pp 147-167 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	saudi arabia middle east the oil industry the development trend the index of global competitiveness competitive advantages the «oil curse» the institutional environment the «competitive rhombus» of porter factor analysis human capital International relations JZ2-6530
spellingShingle	saudi arabia middle east the oil industry the development trend the index of global competitiveness competitive advantages the «oil curse» the institutional environment the «competitive rhombus» of porter factor analysis human capital International relations JZ2-6530 T. V. Naumenko K. V. Timakhov Saudi Arabia’s Economic Competitiveness in the Middle East
description	Saudi Arabia is one of the key economic players in the Middle East with a number of competitive advantages. The article analyzes these advantages as well as disadvantages and identifies measures to improve the competitive potential of Saudi Arabia. Methodologically it employs the Porter’s «diamond model». Cultural, historical and socio-political trends in Saudi Arabia increase the complexity of reforming the economy and increasing its competitiveness. The current reforms are insufficient to improve the quality of human capital. Existing economic and political institutions need to be reformed. There is an obvious problem of low women’s employment. Despite the fact that Saudi Arabia occupies only the 4th place on the regional competitive index table, authors see ways to strengthen this indicator of the Kingdom’s economy. The most decisive factor in this regard as argued by the authors is the elimination of state institutional problems which are chiefly responsible for low competitiveness of the economy.
format	article
author	T. V. Naumenko K. V. Timakhov
author_facet	T. V. Naumenko K. V. Timakhov
author_sort	T. V. Naumenko
title	Saudi Arabia’s Economic Competitiveness in the Middle East
title_short	Saudi Arabia’s Economic Competitiveness in the Middle East
title_full	Saudi Arabia’s Economic Competitiveness in the Middle East
title_fullStr	Saudi Arabia’s Economic Competitiveness in the Middle East
title_full_unstemmed	Saudi Arabia’s Economic Competitiveness in the Middle East
title_sort	saudi arabia’s economic competitiveness in the middle east
publisher	MGIMO University Press
publishDate	2019
url	https://doaj.org/article/2cf887410baa4e0fb2a40bae5affcafe
work_keys_str_mv	AT tvnaumenko saudiarabiaseconomiccompetitivenessinthemiddleeast AT kvtimakhov saudiarabiaseconomiccompetitivenessinthemiddleeast
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Saudi Arabia’s Economic Competitiveness in the Middle East

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