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Achieving Development SuccessStrategies and Lessons from the Developing World$
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Augustin K. Fosu

Print publication date: 2013

Print ISBN-13: 9780199671557

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199671557.001.0001

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The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-Based Economic Success Stories

The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-Based Economic Success Stories

Chapter:
(p.419) 20 The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-Based Economic Success Stories
Source:
Achieving Development Success
Author(s):

Robert E. Looney

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671557.003.0020

This chapter examines the social factors and development strategies in Omani and Bahraini in an attempt to determine why each country has had so much economic success. The analysis focuses on the initial conditions that each country faced; their development policies and the factors that influence them; the quality of governance and degree of economic freedom; and the extent to which each country's development strategy remains viable for the future.

Keywords:   Oman, Bahrain, resource-based economies, macroeconomic policies, economic growth, economic development, governance, economic freedom, development strategy

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