The Coming Economic Implosion of Saudi Arabia A Behavioral Perspecti

The kingdom of Saudi Arabia is at a crossroads economically, and faces the challenge of a weakening economy that could implode before 2030, the year set as a timetable by the kingdom in its Vision 2030. How it navigates its way out of these economic troub

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David Cowan

The Coming Economic Implosion of Saudi Arabia

David Cowan

The Coming Economic Implosion of Saudi Arabia A Behavioral Perspective

David Cowan Boston College Boston, MA, USA

ISBN 978-3-319-74708-8    ISBN 978-3-319-74709-5 (eBook) https://doi.org/10.1007/978-3-319-74709-5 Library of Congress Control Number: 2018934724 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Glyn Thomas / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by the registered company Springer International Publishing AG part of Springer Nature The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To Hanny, David and Yasmin with love and thanks

Preface

In this book, I offer up the possibility of the implosion of Saudi Arabia, with the current economic situation it faces as the catalyst for this implosion. The Saudi monarchy and government are I believe aware of this possibility, though they may believe it to be more remote than I suggest by my title. Certainly the common Western perception is that such a failure is highly unlikely, but I suggest such a view in the academy is backward looking and complacent. Speaking to Saudis in different places, there is a concern that failure is a real possibility balanced by an optimism that God willing there will be success. The monarchy and government leadership are taking action, but I provide here an argument that posits more is needed. Analyzing the problems Saudi faces means understanding the economic, political and religious dimensions of the Kingdom. To do this requires an interdisciplinary approach of economic, political and religious disciplines, which I have humbly sought to provide. I say humbly, because no doubt, as with all interdisciplinary works, I may have m