Special Lecture: Can Saudi Arabia Build a New Economy?

Wednesday, May 17, 2017
(door opens at 18:45)
Temple University, Japan Campus, Mita Hall, Room 403 (Access)
English (no translation provided)
Registration Deadline:
May 16, 2017
Registration Form
Seats are fully booked. Registration is now closed.

Lecture Topic

Saudi Arabia has seen its export revenues from oil cut in half since 2013. Oil revenues used to make up 90% of government revenues. The country can no longer depend on oil to fund its expenditures. The country has embraced a plan called vision 2030 to transform it economy away from oil and into other industries.

To make the transition, the country has to change important aspects of its society and economy. This talk will cover the current state of Saudi society and its economy and what issues have to be addressed. A portion of the talk will center around what it is like living and working in the country as an outsider and the implications for the country’s development.

About the Instructor

Portrait photo of Frederic Murphy

Frederic Murphy, Ph.D.

Frederic Murphy is professor emeritus, Fox School of Business, Temple University, where he taught for 30 years. He is currently a Senior Visiting Research fellow at the King Abdullah Petroleum Studies and Research Center in Riyadh, Saudi Arabia where he is participating in the development of energy models and writing policy analyses in a range of areas, including domestic energy use in Saudi Arabia, market power in world oil markets, designing and managing income stabilization funds, and China’s and India’s energy economies.

He works mainly in the area of energy-market forecasting and energy policy analysis. Prior to joining Temple, he was at the Energy Information Administration of the US Department of Energy and its predecessor, the Federal Energy Administration, where he headed the group that did the economic impact analyses of the bills and laws passed during the Carter administration and developed and ran the forecasting models then used for policy analyses and the forecasts in the EIA Annual Report. In one study he was ranked in the 20 most published researchers in his field over a fifty-year span. He has a B.A. in mathematics and a Ph.D. in operations research from Yale University.