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Essay / Research Paper Abstract
A 10 page paper discussing the economy-building activities of one of the Gulf states. The Sultanate of Oman is a small country nearly equating in land mass to the US state of Kansas, bordering Saudi Arabia on the East. Sultan Qaboos bin Said determined shortly after coming to power in 1970 that Oman's best interests were not served by being fully dependent on oil for its national income. The Sultan stresses private sector development and self-reliance, encouraging the people to be self-sufficient so that the nation can be as well. The nation is fully open to foreign investment, development of local non-oil industry and privatization of public holdings. Noted for its traditions of fairness and political stability, Oman provides conditions favorable for both international and domestic economic development. Bibliography lists 9 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KSoman.doc
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Unformatted sample text from the term paper:
Arabia on the East, it has a coastline of more than 2,000 km in the heart of Gulf oil country (CIA, 1998). In the high-income, free-spending days of the
1980s, Sultan Qaboos bin Said realized that it was not in the best interests of his nation to be wholly dependent on oil for its continued prosperity, and set out
to develop other areas of the economy. Beginning with the infrastructure necessary to support business activity, the Sultan adopted as his guide a series of five-year economic plans designed
to produce in Oman a multi-faceted economy not fully dependent on oil for its survival. Business Climate
Like its Gulf states neighbors, Oman is a Muslim country that upholds the laws and customs of the religion. Unlike many of its neighbors, however, Oman maintains
a more outward view and clearer cognizance of the growing globalization of business regardless of specific business focus. Sultan Said insists on separating business from religious ideology, evidenced by
his eagerness to open an Omani trade office in Tel Aviv (Friedlin, 1996). Both Oman and Israel understand the need to resolve differences,
but Oman takes a different approach: "Omani Foreign Minister Yousef bin Alawi has publicly said that the countries should focus on developing business relations, while diplomacy can wait until
all formal treaties are negotiated" (Friedlin, 1996; p. 8). Oman and Israel entered into business relationships without formal treaties and the endless rounds of negotiations that typically accompany them.
A lesson for other nations of the region and indeed for the entire world has risen from the Omani-Israeli business ties, however-they "seem to be spurring a stronger diplomatic
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