Benchmarking process of the knowledge economy pillars for sustainable development in Saudi Arabia
Other Title(s)
مقارنة مرجعية لركائز الاقتصاد المعرفي للتنمية المستدامة في المملكة العربية السعودية
Author
Source
Journal of Economics, Administrative and legal Sciences
Issue
Vol. 3, Issue 11 (30 Nov. 2019), pp.203-221, 19 p.
Publisher
Publication Date
2019-11-30
Country of Publication
Palestine (Gaza Strip)
No. of Pages
19
Main Subjects
Abstract EN
The fluctuations in oil price limit the ability to maintain growth in the long-run for oil-producing countries with heavy economic dependence on oil revenues.
The Saudi government has initiated economic strategies with the aim of diversifying the economic base.
Thus, the knowledge economy is important for Saudi Arabia in terms of offering other economic drivers to achieve sustainable economic development.
So, the aim of this study is to assess Saudi's readiness for the knowledge economy through presenting the current situation of knowledge economy pillars in the country and then offer recommendations that could lead the Saudi Arabia to sustainable development.
The analytical framework in this study is a comparative and benchmarking approach using AKI 2016, along with other indicators to assess Saudi readiness in respect of the key knowledge economy pillars.
The study findings show that Saudi Arabia has achieved positive progress in knowledge economy pillars but the overall performance in knowledge drivers is not as competitive compared with the other members of the benchmarking group.
A knowledge economy strategy that is comprehensive and integrated is required, in which all knowledge economy indicators are equally supported; setting specific time targets to implement the national strategy for the transition towards the knowledge economy will also be beneficial.
American Psychological Association (APA)
al-Ajmi, Rimah Ghazi. 2019. Benchmarking process of the knowledge economy pillars for sustainable development in Saudi Arabia. Journal of Economics, Administrative and legal Sciences،Vol. 3, no. 11, pp.203-221.
https://search.emarefa.net/detail/BIM-968949
Modern Language Association (MLA)
al-Ajmi, Rimah Ghazi. Benchmarking process of the knowledge economy pillars for sustainable development in Saudi Arabia. Journal of Economics, Administrative and legal Sciences Vol. 3, no. 11 (Nov. 2019), pp.203-221.
https://search.emarefa.net/detail/BIM-968949
American Medical Association (AMA)
al-Ajmi, Rimah Ghazi. Benchmarking process of the knowledge economy pillars for sustainable development in Saudi Arabia. Journal of Economics, Administrative and legal Sciences. 2019. Vol. 3, no. 11, pp.203-221.
https://search.emarefa.net/detail/BIM-968949
Data Type
Journal Articles
Language
English
Notes
Includes appendix : p. 221
Record ID
BIM-968949