February 26, 2024 • 9:00 am ET
Saudi Arabia’s economic shifts under MBS raise stability concerns
Table of contents
Evolution of freedom
The lack of political freedom in Saudi Arabia has long echoed the lack of social and economic freedom. Saudi Arabia is indeed an absolute monarchy—one endowed with vast oil wealth. Like many other countries in the MENA region, Saudi Arabia is plagued with a concentrated but blurry power structure. Patronage spending…
