The book traces the history of oil discovery and development in Saudi Arabia, from initial concessions to the rise of Saudi Aramco. It analyzes the economic policies implemented to manage oil wealth, including nationalization, and assesses Saudi Arabia's influence on global oil prices and financial markets.
A key focus is the exploration of efforts to promote non-oil sectors and modernize the economy, addressing issues like unemployment and sustainable growth. The book uses economic data, OPEC policy analysis, and insights from international organizations to provide a nuanced perspective.
This study offers a comprehensive analysis by combining economic insights with political context, suitable for academics, policymakers, and business professionals seeking a deeper understanding of Saudi Arabia's role in the global economy. Its structured approach progresses from historical context to contemporary challenges, providing a balanced view of the opportunities and limitations faced by this resource-dependent economy.