رسائل ماجيستير
English
2024
Exploration of the dimensions of Oman’s economic diplomacy: building a strategic framework in the light Oman 2040 Vision
Saranjam Baig, Juhaina Saif Mohammed Al-Mamariyah , Noor Sulastry Yurni Binti Ahmad
كلية الإقتصاد والعلوم السياسية-جامعة السلطان قابوس · عمان
This study explores Oman's approach to economic diplomacy by examining current economic diplomacy initiatives and those undertaken before the introduction of Oman Vision 2040. It evaluates how effective these efforts are and how closely they align with the goals of Oman Vision 2040. Despite Oman's rich diplomatic history and political willingness, there is a noticeable absence of a systematic strategy and framework for activating economic diplomacy in alignment with Oman 2040 vision objectives. Thus, this study proposes a strategic framework aimed at enhancing the effectiveness of Omani economic diplomacy, aiming to meet the objectives of national development strategies. This framework emphasizes dimensions related to organizations, operations, innovation, and evaluation to boost Oman's economic standing. The study's findings highlight the need for a coordinated government approach to improve Oman's economic diplomacy. This includes establishing a dedicated task force for the economic diplomacy, revising investment laws, and enhancing the role of Omani trade offices abroad. Additionally, benefiting from the regional conflicts and promoting Oman through international forums and events are essential. The study also recommends developing methods to measure the impact of economic diplomacy, such as creating a local index or using Event Study Methodology. By adopting a qualitative approach, the study includes a literature review and conducts in-depth interviews and focus group discussions with experts in the field, including government officials. This method aims to provide a substantial academic contribution that enriches scholarly literatures and offers practical guidance for policymakers in Oman and other states with similar context. Ultimately, this study seeks to become a fundamental resource in the field of economic diplomacy, providing insights and practical strategies for researchers and policymakers working towards achieving Oman Vision 2040's goals, ensuring that Oman's economic diplomacy effectively supports its transition towards a sustainable and diversified economy.