Oman: Economy, Politics and Government

Source: Business Intelligence Report : Oman, 2001 , pp. 1-38(38)

Publisher: World of Information

Abstract:

Oman is a stable country ruled by a moderate monarch with absolute power who has governed the country in a relatively even-handed way, improving the quality of life of his subjects since he overthrew his father in 1970 after a bloodless coup. While the standard of living is not on a par with more advanced countries, the nation's healthcare facilities are among the best in the world and genuine efforts are being made to increase the level of education and skills among the general population. Like most countries in the Middle East, oil remains central to all of Oman's economic activities and has been the driving force behind the development and modernisation of the state. Although the government has adopted a policy of diversification and privatisation, there is a long way to go before Oman can become genuinely less dependent on its oil revenues.

World of Information Business Intelligence Reports allow access to concise, clear coverage of current political and economic developments in over 100 countries. Alongside contributions from journalists and regional experts from around the world, they contain a wide variety of sectoral analysis and background information. Each Report contains an introductory overview commissioned from one of World of Information's network of contributors, an extensive list of key facts and features of the country, including macroeconomic indicators and details regarding national population, labour market and public services. The economy section focuses on monetary, fiscal and trade conditions before analysing sectoral, infrastructure and regulatory developments. Natural resources including agriculture and minerals, industry and service sectors are covered. A five-year table of key indicators invaluable for research into economic trends accompanies the report.

Keywords: addresses; banking; budget; business; cabinet; coal; constitution; currency; election; energy; exchange; exports; external; GDP; growth; hydrocarbons; imports; inflation; infrastructure; interest; international; investment; legislature; manufacturing; mining; ministry; oil; opposition; parliament; party; prime minister; privatisation; relations; reserves; taxation; telecommunications; tourism; transport; welfare; Qaboos; Sultan; OPEC; Occidental; Elf; Arakis; LNG; Afghanistan; Muscat; WTO

Language: English

Document Type: Review article

Publication date: 2001-01-01

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