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Author : B. A. Hamzah Publisher : Institute of Southeast Asian Page : 42 pages File Size : 51,7 Mb Release : 1980 Category : Business & Economics ISBN : 8210379456XXX
Oil and Economic Development Issues in Brunei by B. A. Hamzah Pdf
This paper seeks to explain the linkage between oil and development in Brunei. Oil is presently the biggest business in Brunei. As elsewhere, it is fraught with political overtones. The oil industry in Brunei is dominated by Brunei Shell. However, unlike the position of oil companies in other oil exporting countries, that of Brunei Shell is so dominant and privileged that it has created for itself a state within a sultanate. Indeed, it is fashionable to speak of 'Brunei Shell' and 'Brunei' as one entity. But as the nation prepares for independence, the anomalous state-company relationship is likely to wear thin. From the econometric perspective, there are hardly any forward or backward linkages arising from the activities of Brunei Shell. The real linkage, however, lies in the fact that Brunei finances all its projects from petro-dollars.
Oil, Economic Development and Diversification in Brunei Darussalam by Mark Cleary,Shuang Yann Wong Pdf
The book examines the nature of development and diversification in the oil and gas exports, development planners have sought to implement a range of strategies for diversifying the economy in order to secure sustainable levels of growth and development. As well as providing with an informed, up-to-date account of Bruneian economy and society, the book evaluates these strategies and assesses their impact on Brunei and on its place in Southeast Asia.
Oil, Economic Development, and Diversification of Brunei Darussalam by Mark Cleary,Shuang Yann Wong Pdf
This book examines the nature of development and diversification in the small, oil-rich state of Brunei. With an economy highly dependent on oil and gas exports, development planners have sought to implement a range of strategies for diversifying the economy in order to secure sustainable levels of growth and development. As well as providing an informed, up-to-date account of Bruneian economy and society, the book evaluates these strategies and assesses their impact on Brunei and on its place in South-East Asia.
Stability, Growth and Sustainability by Aris Ananta,Hoon Yau Chang,Mahani Hamdan Pdf
As in many other oil and gas dependent countries, Brunei Darussalam-a country with a small population but the second highest income per capita in Southeast Asia-has been diversifying its economy in three sectors: from oil and gas to other sectors of export/economic growth; from the dominance of public sector employment to a more balanced public and private sectors employment; and from heavy dependence on foreign labours to development of local talents. This book examines the current socio-economic development in the journey toward a diversified social economy, as targeted in Brunei Vision 2035. By examining the unique context of Brunei, this book fills in the gap on studies focusing on socio-economic diversification. It highlights the importance of the environment, digital technology and human capital in the diversification process. The book culminates with analyses on business, economy, employment and welfare in Brunei toward 2035, with a new face: a digitalized, sustainable and self-reliant society with a highly developed human capital and a flourishing private sector. "This is a very useful analysis of the challenges facing Brunei Darussalam as the country prepares itself for the 21st century. We are in an unprecedented period of human connectivity facilitated by an increasingly digitalised and high-tech world. The transition which the people, policy and business sectors have to undergo, and survive, is a fascinating learning journey for a small state. This book has succinctly highlighted the experiences we should pick up and apply where relevant for our respective countries going forward." -- Ambassador Ong Keng Yong, Executive Deputy Chairman, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore; and the 11th Secretary-General of ASEAN "This forward-looking study of the Brunei economy is timely and topical. Appropriately, the authors identify 'diversification' as the country's key economic challenge, in preparation for the exhaustion of oil reserves and as the world progressively decarbonises. To this end they set out a comprehensive reform agenda focused on education, the labour market, social policy, the development of non-oil industries, environmental objectives and much else. This is a very useful and informative guide not only for the Brunei government and society, but also for neighbouring ASEAN member states." -- Professor Emeritus Hal Hill, Australian National University "This collection fills a considerable gap in our knowledge of the socio-economic circumstances and developmental trajectories of Brunei Darussalam. In particular, it serves as a major and much needed contribution to our understanding of the challenges of economic diversification in an oil- and gas-dependent sultanate." -- Professor Emeritus Victor T. King, University of Leeds "This book aims to identify and discuss the various issues about, challenges faced by, and opportunities from Brunei's diversification of her oil-dependent economy in response to the changing economic landscape at the national, regional and global levels. The various chapters provide a comprehensive analysis of the different sectors of Brunei's economy, and the authors' clear discussion of their arguments and justifications that are substantiated with relevant data and graphical illustrations, and a wide range of primary and secondary materials. I would like to congratulate the authors for this excellent book and recommend it to those who are interested in knowing and understanding Brunei's economy." -- Associate Professor Teofilo C. Daquila, National University of Singapore
Historical Dictionary of Brunei Darussalam by Jatswan S. Sidhu Pdf
After being a British protectorate for about 96 years since the 1888 Treaty of Protection, the modern state of Negara Brunei Darussalam (Abode of Peace) eventually obtained its independence from Great Britain on 1 January 1984. Run by a royal family that established a kingdom in Brunei some 650 years ago, the first sultan, Muhammad Shah (Alak Betatar) was installed in c.1363. Sultan Hassanal Bolkiah, the current ruler, is the 29th sultan of the lineage and is one of the richest men in the world. In spite of being called a mini-state, Brunei is well-known around the world because its population enjoys one of the highest gross national income per capita in the world, at an average of US$39,943 (2015) a year. This third edition of Historical Dictionary of Brunei Darussalam contains a chronology, an introduction, appendixes, and an extensive bibliography. The dictionary section has over 300 cross-referenced entries on important personalities, politics, economy, foreign relations, religion, and culture. This book is an excellent access point for students, researchers, and anyone wanting to know more about the Brunei Darussalam.
Borneo in the Cold War, 1950-1990 by Keat Gin Ooi Pdf
Although by about 1950 both British Borneo, including the protected sultanate of Brunei, and Indonesian Borneo seemed settled under their different regimes and well on the way to post-war reconstruction and economic development, the upheavals which affected Southeast and East Asia during the Cold War period also deeply affected Borneo. Besides the impact of the Korean and Vietnam Wars and the Malayan Emergency and communist uprisings in other Southeast Asian states, there was within Borneo the attempted communist takeover of Sarawak from the 1950s, a failed coup d’état in Brunei in 1962, Sukarno’s Konfrontasi (confrontation) with Malaysia, and the horrific purge of Leftists and ethnic Chinese in the late 1960s. This book details these momentous events and assesses their impact on Borneo and its people. It is a sequel to the author’s earlier books The Japanese Occupation of Borneo, 1941-1945 (2011) and Post-War Borneo, 1945-1950: Nationalism, Empire, and State-Building (2013), collectively a trilogy.
The Malay World of Southeast Asia by Patricia Lim Pui Huen Pdf
Over 5,000 entries arranged in four parts. Part I comprises reference and general works to provide a guide to information on Southeast Asia. Part II provides the setting of space and time. Part III features the people and Part IV the many facets of culture and society — language; ideas, beliefs, values; institutions; creative expression; and social and cultural change. Within each section, the arrangement is geographical, beginning with Southeast Asia as a whole followed by the various countries in alphabetical order.
Author : Michael L. Ross Publisher : Princeton University Press Page : 314 pages File Size : 48,8 Mb Release : 2013-09-08 Category : Political Science ISBN : 9780691159638
Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
International Monetary,International Monetary Fund. Asia and Pacific Dept
Author : International Monetary,International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 73 pages File Size : 54,7 Mb Release : 2021-09-20 Category : Business & Economics ISBN : 9781513597102
Brunei Darussalam: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brunei Darussalam by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf
Brunei’s economic performance—which was strong before the COVID-19 pandemic—has been buffeted by the health crisis and a pandemic-induced oil and gas price shock. The authorities responded fast and decisively. The number of new infections was quickly suppressed, thanks to a swift public health response, effective health measures and non-pharmaceutical interventions. Strong fiscal and regulatory policy responses helped sustain production and household income and consumption. Past diversification efforts and reforms bore fruit when it was most needed. As a result, the economy performed strongly in 2020, with real GDP posting positive growth of 1.1 percent—a rare outcome amidst negative growth in the region. Economic activity is projected to strengthen in 2021-22, albeit at varying speeds across sectors, and to continue improving over the medium term on the back of further diversification. The outlook is, however, subject to unusual uncertainty, with significant risks skewed to the downside. Sustained strong policy actions are needed to ensure continued resilience, while nurturing green, digital and inclusive growth.
Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal by Hooi Hooi Lean Pdf
The novel coronavirus (COVID-19) pandemic was reported in China in December 2019, and later spread to other parts of the world. Countries in Southeast Asia were some of the first nations affected by the pandemic due to their geographical proximities and trade relations with China. In January 2020, the virus spread to some countries within the Association of Southeast Asian Nations (ASEAN). The number of confirmed cases kept increasing within ASEAN and other countries of the world. Consequently, countries in ASEAN introduced preventive and containment measures to cope with the pandemic, which include quarantines, lockdowns, restrictions of movements and large gatherings, as well as school and business closures.Beyond the efforts of preventing and containing the spread of the virus, ASEAN's most significant challenges are the social and economic crisis of historic proportions that are beginning to unfold. COVID-19 pandemic has brought interruptions in all sectors of ASEAN economies. It is, therefore, imperative to assess the extent to which the pandemic has impacted the social and economic aspects of the region. This book intends to highlight the social and economic impacts of the COVID-19 pandemic in ASEAN and suggest ways on how to mitigate them. It covers how the shocks from COVID-19 have impacted production, supply chains, demand, commodity prices, consumer behaviour, financial markets, employment, services, transportation and community, and the various policies that ASEAN authorities should put in place to mitigate the effects of the pandemic.
Oil to Cash by Todd Moss,Caroline Lambert,Stephanie Majerowicz Pdf
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
