Brunei's quest for sustainable development : diversification and other strategies.

Tisdell, C. A. (Clement Allan) (1997). Brunei's quest for sustainable development : diversification and other strategies.. Working papers on economics, ecology and the environment. Working Paper No. 16, Department of Economics, University of Queensland,.

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Author Tisdell, C. A. (Clement Allan)
Title Brunei's quest for sustainable development : diversification and other strategies.
School, Department or Centre Department of Economics
Institution University of Queensland,
Series Working papers on economics, ecology and the environment.
Report Number Working Paper No. 16
Publication date 1997-12-10
Publisher [St. Lucia, Qld.] : Dept. of Economics, University of Queensland, 1997.
Start page 1
End page 39
Total pages 39
Language eng
Subject 340000 Economics
Abstract/Summary Like many Middle East economies, Brunei is an oil-rich rentier economy with a high degree of dependence on guest workers, concentration of employment of Bruneians in the public sector and with a high degree of specialisation in extractive production. Because its hydrocarbon reserves are diminishing, it faces the problem of how to sustain its income. The potential for it to do this by investing its rental income abroad and by diversifying its economy are discussed, and comparisons are made with oil-rich Middle East countries and MIRAB economies. Doubts are raised about industrial diversification as a suitable sustainable development strategy for Brunei. Expansion of service industries may offer better prospects. Brunei’s entry into APEC could limit its scope for adopting strategic policies to restructure its economy. Keywords: Brunei, development strategies, economic diversification, Malay Muslim Monarchy, oil-rich economies, rentier economies.
Additional Notes SUBJECT: Sustainable development, Brunei.

Document type: Working Paper
Collections: Working Papers (School of Economics)
Ecology Centre Publications
 
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