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  • Author: Jean-Francois Seznec
  • Publication Date: 01-2017
  • Content Type: Special Report
  • Institution: Atlantic Council
  • Abstract: Saudi Arabia’s leadership recently introduced an ambitious plan called Vision 2030 to move the country away from oil and toward a more diversified, modern economy. Fortunately, the economy is already much more diversified than is often reported, a fact obscured by the very high price of oil from 2000 to 2014. Since the mid-1970s, the Kingdom has developed chemical, metal, and fertilizer industries that are among the most advanced in the world. Most of these industries have been built on the natural advantages of Saudi Arabia: low-cost energy, large mineral resources, access to plentiful capital, and proximity to the huge markets of Asia.
  • Topic: International Political Economy, Oil, Natural Resources, Economic structure
  • Political Geography: Saudi Arabia
  • Author: Jean-Francois Seznec, Ramesh Pallakonda
  • Publication Date: 01-2017
  • Content Type: Special Report
  • Institution: Atlantic Council
  • Abstract: India’s economy is increasing at the fastest rate in the world, now making it the globe’s third largest user of crude oil. While India is benefitting from the low oil prices seen since mid-2014, it has precious few oil and gas resources of its own and will remain highly dependent on imports. On the other hand India is now a large exporter of products like gasoline and diesel fuels because it has built a very large refining capacity, which ultimately renders India’s need for crude oil more pressing.
  • Topic: Emerging Markets, International Political Economy, Oil
  • Political Geography: India