Saudi Arabia Neoliberalism Theory in International Relations

Abstract

For the purpose of this essay, we will look at how Saudi Arabia's admission to international organizations has caused a significant shift in the country's ability to become a better nation. Saudi Arabia's oil sector, which is the largest in the world, has supplied the Kingdom with a number of benefits. The fact that Saudi Arabia earns a considerable amount of recurring foreign currency income, which can be used to enhance the Kingdom's economic growth and the well-being of its population, is undoubtedly the most crucial factor. When it comes to international relations, Saudi Arabia is studied through the perspective of Neoliberalism. A piece of work titled Neoliberalism and International Organizations is applied in this essay to examine the dominant political theory driving international relations today. When it comes to international relations and politics, the ideology of neoliberalism has been a relatively outspoken option, as indicated by the readiness of nations to collaborate and to expand their own sphere of influence into other countries' spheres of influence. Aside from that, during the last 30 years, the governance of international cooperation to confront the most serious global crises, such as the forced migration crisis and the global financial crisis, has improved in terms of efficiency and effectiveness. In order to effectively manage regional governing bodies, it is necessary to grasp the decision-making process. By becoming members of organizations such as the World Bank, the World Trade Organization, and the Foreign Direct Investment (FDI), these organizations have demonstrated their ability to make significant advances in either the condition of international relations or the economic position of the country in which they are active. According to this assessment, the neoliberal theory of international relations is a valuable tool for understanding the dynamics of international organizations, as well as the dynamics of international conflict and cooperation in general.