Saudi Arabia; Stakeholder Society; Value Systems; Economic Development
337 International economics
The transition from an oil-based to a knowledge-based economy requires that the
Saudi population dramatically increases its level of human capital. This paper argues that noncognitive
skills may be a bottleneck in the formation of human capital and proposes a policy to
indirectly strengthen those skills. The core of the proposal is a government-financed gift to each
Saudi citizen reaching adult age, the SSGY.
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