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Article: Oman's prudence pays off. (economic policy) (Special Report)
- Article from:
- The Middle East
- Article date:
- November 1, 1993
CopyrightCOPYRIGHT 1993 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oman's reliance on its moderate oil reserves has made it more cautious than its Gulf neighbours. Its economic strategy has been carefully planned and improvement slow but steady. In this issue, The Middle East analyses how the country is managing to steer its course of progress.
PRUDENCE, even caution, are words frequently used when discussing the way in which Oman has managed its economy and its development over the past decade. In relation to many of its wealthy neighbours such descriptions may be justified. Petrodollars paid for massive multi-million dollar projects in nearby oil rich states. Almost over night, it seemed, magnificent marbled halled airports, high ...