competitiveness - Global Business and Finance Magazine

The tourism impact: Diversifying Saudi Arabia’s economy and creating jobs through culture

GLOBAL BUSINESS AND FINANCE MAGAZINE
October 10, 2025
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The Kingdom of Saudi Arabia (KSA) has a rich cultural heritage, and a wealth of natural assets like the colorful Red Sea and stunning desert landscapes. Visitors can scuba dive with sea turtles today and traverse 2,000 year-old Nabatean tombs tomorrow. Until recently, tourism in the Kingdom mainly concentrated on Islam’s iconic religious sites. That […]

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Transmission of foreign shocks to import prices in firm-to-firm networks

GLOBAL BUSINESS AND FINANCE MAGAZINE
July 24, 2025
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A key question in the context of a trade war is whether the burden of tariffs falls on foreign exporters or domestic importers. This column uses a firm-to-firm trade model with search frictions and French export data to study how cost shocks affect buying firms. It finds that while some buyers pay nothing, others face […]