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2003-02-04 Arabia

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Posted by Steve White 2003-02-04 01:33 am|| || Front Page|| [11129 views since 2007-05-07] Top

#1 One factor not mentioned is the population growth rate of 3.27% (http://www.cia.gov/cia/publications/factbook/geos/sa.html#People)
which means the population is doubling every 22 years. That has a lot to do with the decline in average income.

Posted by A 2/4/2003 10:50:41 AM|| 2/4/2003 10:50:41 AM|| Front Page Top

#2 There's no one in the house of Saud with a degree in economics? whats up with that...

Posted by Rw 2003-02-04 02:21:20|| 2003-02-04 02:21:20|| Front Page Top

#3 "It's all BECAUSE of oil!"

Posted by Ptah 2003-02-04 03:21:01|| 2003-02-04 03:21:01|| Front Page Top

#4 The Saudis don't want to denigrate themselves to have to do the only work most of them are fit to do: manual labor and service sector jobs. They somehow feel that due to the mineral wealth they were lucky enough to born atop they shouldn't have to learn skills and education outside the Quran. A rude awakening is coming to them - they will not survive as a royal theocracy when it hits the fan, and the populace outside the royal family doesn't know how to earn a decent wage without the oil welfare. Yikes

Posted by Frank G 2003-02-04 09:16:56|| 2003-02-04 09:16:56|| Front Page Top

#5 The House of Saud, like Pakistan, is morally bankrupt. The only difference is that the Saudis have money and the Paks don't. To survive, the Saudis need to reform and adapt to the new conditions in the world. Reform at this scale takes time and commitment. The Saudis will not commit to either, so they are goin' down. When Saudis go down, a bunch of the terrorist organizations are going to dry up, too, including the Paks. It won't be pretty but alot of things will be straightened out in a heavy duty way.

Posted by Alaska Paul 2003-02-04 10:33:53|| 2003-02-04 10:33:53|| Front Page Top

#6 One factor not mentioned is the population growth rate of 3.27% (http://www.cia.gov/cia/publications/factbook/geos/sa.html#People)
which means the population is doubling every 22 years. That has a lot to do with the decline in average income.

Posted by A 2003-02-04 10:50:41|| 2003-02-04 10:50:41|| Front Page Top

#7 I read 2(?)years ago that the Saudis required all foreigner workers for Saudi to have checking accounts. Too many were sending too much money out of the country.

Posted by Anonymous 2003-02-04 11:13:46|| 2003-02-04 11:13:46|| Front Page Top

#8 so, so... the job offer to sell ladies jewelry wasn't legit? Damn! I so wanted to get into the baubles, bangles and beads business.

Posted by Chuck 2003-02-04 13:55:19|| [blog.simmins.org] 2003-02-04 13:55:19|| Front Page Top

#9 I look forward to the day that Saudi Arabians are exported to work as servants in the homes of rich Filipinos and SE Asians.

Posted by Bellicose Woman 2003-02-04 14:41:25|| [site-essential.com] 2003-02-04 14:41:25|| Front Page Top

#10 Good point regarding population growth and average income.

In a normal country, GDP rises with population and with productivity, so there is no problem -- per capita GDP usually goes up.

However, when your economy is based on sitting on your butts while a bunch of foreigners extract oil and hand you a check, doubling of population halves per capita GDP.

The population of the Saudi royal family is growing even faster. The math just isn't going to work out for long.

Posted by JAB 2003-02-04 15:29:34|| 2003-02-04 15:29:34|| Front Page Top

#11 Why recognize the sovereignty of the Saud entity? These savages do not believe in universal notions of international law, because these conflict with sharia. The civilized world should defend the former by treating the Wahabi entity as an outlaw, and occupy them.

Posted by Anonymous 2003-02-04 20:42:05|| 2003-02-04 20:42:05|| Front Page Top

08:17 liberalhawk
08:15 Ptah
07:29 Chuck
07:08 Murat
01:10 Michael Lonie
00:34 John Anderson
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20:40 Bman
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17:56 Alaska Paul