The precipitous and sustained drop in oil prices and the unwillingness of the OPEC countries to cut down oil production to stem that fall has led to a spirited debate in the region on the possible reasons for the price drop.
Global stock markets are experiencing a bumpy ride. Investor confidence is shaken. Analysts largely blame falling oil prices — which have hit five-year lows at US$ 62 a barrel due to a glut in the market, combined with reduced demand from countries undergoing a reduction in growth.
Sulaiman Al-Farsi's motivation for writing this book may have been "the need for the Omani people to realize an effective political model… best suited to the Sultanate in the era of the post-rentier state" (p.