Saudi Arabia is teetering on the bring of bankruptcy. It had a surplus of $140 billion in 1982, but now even its own official figures show a deficit of $60 billion, and the national debt is expected to reach $100 million by 1995. Profligacy of this kind, allied to utter disregard for the well-being of the people, is nothing new in Saudi Arabia. What is new is the scale of the debt, now so great that the House of Saud can no longer bribe its people and Arab neighbours into silence. Already the IMF has served notice that ...
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Saudi Arabia is teetering on the bring of bankruptcy. It had a surplus of $140 billion in 1982, but now even its own official figures show a deficit of $60 billion, and the national debt is expected to reach $100 million by 1995. Profligacy of this kind, allied to utter disregard for the well-being of the people, is nothing new in Saudi Arabia. What is new is the scale of the debt, now so great that the House of Saud can no longer bribe its people and Arab neighbours into silence. Already the IMF has served notice that fundamental changes are required in the way the country is governed. Between 1982 and 1992 the average income in Saudi Arabia more than halved; increasingly politicised, the people are now demanding a greater say in the running of their country, They blame the House of Saud for the current problems, and its politics and personal behaviour are unacceptable not just to them but to Arabs and Muslims everywhere. While the developed countries of the West, especially the USA, need oil, they are committed to seeing on the Saudi Arabian throne a king who will keep it flowing at the right price without endangering the future of the country. But the odds are against such a change being brought about peacefully. More likely is the birth of a militant, vengeful Islamic regime and a huge increase in the price of oil, leading to a world depression, a West-Muslim war, or both.
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Add this copy of The Rise, Corruption and Coming Fall of the House of to cart. $1.51, good condition, Sold by Once Upon A Time Books rated 2.0 out of 5 stars, ships from Tontitown, AR, UNITED STATES, published 1995 by St Martins Pr.
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Very Good. Very Good condition. Acceptable dust jacket. A copy that may have a few cosmetic defects. May also contain light spine creasing or a few markings such as an owner's name, short gifter's inscription or light stamp. Bundled media such as CDs, DVDs, floppy disks or access codes may not be included.
