UNU-WIDER The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-based Economic Success Stories
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The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-based Economic Success Stories
Oman and Bahrain are Middle Eastern success stories. There are some key similarities. Both have followed pragmatic development strategies built on a stable foundation of strengthened governance structures and enhanced economic liberalization. These improvements occurred in somewhat different settings, with Oman developing in a more authoritarian environment, whereas Bahrain enjoyed greater democracy but somewhat less stability. While both countries have relied on oil revenues to support their development efforts, it appears that, in contrast to their less successful oil producing neighbours, each country had just enough oil to do some good, but not enough to do serious damage.
- Publisher:
- UNU-WIDER
- Series:
- WIDER Research Paper
- Volume:
- 2009/38
- Title:
- The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-based Economic Success Stories
- Authors:
- Robert Looney
- Publication date:
- June 2009
- ISSN Web:
- 1810-2611
- ISBN 13 Web:
- 9789292302092
- Copyright holder:
- © UNU-WIDER
- Copyright year:
- 2009
- Keywords:
- Oman, Bahrain, Middle East, GCC, economic development, economic growth, development strategies
- JEL:
- O53
- Project:
- Country Role Models for Development Success
- Sponsor:
- UNU-WIDER gratefully acknowledges the financial contributions to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Finnish Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
- Format:
- online