Question

What is Oman’s comparative advantage (or competitive advantage) in comparison to other countries?

Note : Please I need practical answer from real/fact about Oman country, explain about factors that put Oman in comparitive advantege .I dont want theory answer

Answer 1

Oman is a country located in the edge of the Arabian peninsula.

Oman has gained competition advantage over the other countries in the recent years. Oman has been ranked 32nd out of 142 countries and is continuously improving. Because of high quality infrastructure and liberal tax regime, it has been praised for excellent macroeconomic environment.

The government of the country is continuously increasing budgets to strengthen the economy and investigating in different programmes to boost the employment. The main target of the government is to increase the pension of the social security households, increasing allocation for students in government colleges and increasing employment for omani youth

The GDP had expanded by 3.6% and there is increase in state investment. Women' s participation in the workforce are encouraged and appreciated by the government

Government spending is more on the infrastructure development, transports education and training.

With all these measures taken by the government, the country is gaining more competitive advantage and economic growth.