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Saudi Arabia's Expropriations Should Scare Investors

The government of Saudi Arabia is reportedly offering to exchange the wealth of allegedly corrupt royals and officials for their freedom. This is a tactic that has been used by post-Soviet regimes, most widely in Georgia under President Mikheil Saakashvili, but also in President Vladimir Putin's Russia. While it can be effective in supplementing government coffers, it's not great for a country's institutions and business climate.