Explain how Saudi Arabia has great influence over the industrial policies of other OPEC member countries

Explain how Saudi Arabia has great influence over the industrial policies of other OPEC member countries

As a case in point, Saudi Arabia has developed with though a sequence of industrial policies embodied in five-year development plans. In addition, as a key member of the Oil Producing and Exporting Countries (OPEC), Saudi Arabia has had great influence over the industrial policies of other OPEC member countries too.

 Week Seven features industrial policy in developing nations. As a case in point, Saudi Arabia has developed with though a sequence of industrial policies embodied in five-year development plans. In addition, as a key member of the Oil Producing and Exporting Countries (OPEC), Saudi Arabia has had great influence over the industrial policies of other OPEC member countries too.

 

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OPEC and the Global Market

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