Falling oil prices are leading the Saudis to drastic action. While oil funds still provide the state with a sizable income, it is clear that the new Crown Prince imagines a remained importance of...Show moreFalling oil prices are leading the Saudis to drastic action. While oil funds still provide the state with a sizable income, it is clear that the new Crown Prince imagines a remained importance of the state in structuring post-oil development. This thesis explores the potential for a contemporary developmental state to be built up in the oil kingdom. This signifies a departure from the rentier structures that have had the upper hand in the Kingdom, and requires a new kind of state autonomy. The ability for the Saudi Monarchy to adopt this new role is key in the post-oil development of the country. This thesis shows that the transition from rentierism to state-led capitalist development is possible and can be a viable strategy for Saudi Arabia.Show less
