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A Study on Saudi Arabia in the Process of Global Economic Governance in Perspective of "One Belt and One Road" Strategy
Author(s): Zou Zhiqiang, the Middle East Studies Institute, Shanghai International Studies University
Pages: 73-
88
Year: 2015
Issue:
4
Journal: Arab World Studies
Keyword: Middle East Powers; Saudi Arabia; Global Economic Governance Middle East Economy;
Abstract: The Middle East region has been neglected in global economic governance studies for a long time because of its marginalized position.Saudi Arabia is the biggest economy in the Middle East and the only Arabian member of G20.The reasons why Saudi Arabia has a say in G20 and global economic governance is basically attributed to its unique advantages such as its multi-facet representation,rich oil resource,huge financial assets as well as moderate pro-western foreign policy.Saudi Arabia’s engagement includes global oil trade,oil finance,petro-dollars,Islamic finance,Sovereign Wealth Fund,Gulf economic cooperation,G20 and so on.Saudi Arabia exhibits its unique characteristics in perception and interests,policy attitude and behavior,governance capacity and results.The interaction relationship between Saudi Arabia and global economic governance has brought beneficial enlightenment to studies on Middle East Economy,global economic governance and Sino-Saudi economic relationship.
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