If You Can't Sell It, Don't Make It
International Trade Forum › Num. 2/2007, Janvier 2007
Relié comme:
International Trade Forum › Num. 2/2007, Janvier 2007
Relié comme:Résumé
For a long time Oman had an economic policy based on the following principle: if it moves, tax it; if it is still moving, legislate it; if it stops, subsidize it. Since 1996 Oman has conducted a new strategy. It identified products that can be sold internationally. It also identified the markets these products can go into. It carried out specific studies on market penetration. It used ITC tools to enhance the capability of its firms. For the last ten years the non-oil exports of Oman have increased by 16.7% annually. Hopefully in the next five years, they will increase by 20%. The winning formula that Oman has been working with has been: do not make it if you cannot sell it.
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If You Can't Sell It, Don't Make It
For a long time we had an economic policy based on the following principle: if it moves, tax it; if it ...
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