Saudi Arabian Economy: Continuous Development
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Questions and Answers

What is driving the current wave of modernization and reforms in the Saudi Arabian economy?

  • Economic instability and lack of resources
  • Pressures of globalization and a conscious political choice (correct)
  • Influence from neighboring countries
  • Historical traditions and cultural values

    • What has Saudi Arabia become more open to, as mentioned in the text?

  • International trade restrictions
  • The world (correct)
  • Western cultural influence
  • Foreign military intervention

    • Which countries are mentioned as emerging economies forming strategic economic and political relationships with Saudi Arabia?

  • BRIC nations (Brazil, Russia, India, and China) (correct)
  • ASEAN nations (Association of Southeast Asian Nations)
  • G7 nations (Canada, France, Germany, Italy, Japan, United Kingdom, United States)
  • European Union nations

    • What has improved for Saudi Arabia internationally in recent years?

    <p>Economic standing</p> Signup and view all the answers

    What continues to be a major contribution of Saudi Arabia to the global market?

    <p>Stability for both energy consumers and producers</p> Signup and view all the answers

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