Brunei Darussalam, a Country Profile

Siti Fatimahwati Pehin Dato Musa ()
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Siti Fatimahwati Pehin Dato Musa: Universiti Brunei Darussalam School of Business and Economics

Chapter Chapter 8 in Southeast Asia and the ASEAN Economic Community, 2019, pp 295-311 from Springer

Abstract: Abstract This chapter provides a brief socio-political and economic overview of Brunei Darussalam and describes some of the economic challenges that Brunei is facing due to its characteristics as a rentier economy. The chapter then discusses the policies that the government is currently undertaking to sustain the economy and finally highlights how regional integration through the ASEAN Economic Community (AEC) has benefited Brunei. The chapter emphasizes on the importance of regional integration for a small economy like Brunei especially in improving the business environment, for example, by harmonizing policies, standards and regulations and spurring the implementation of domestic reforms. These benefits have subsequently contributed to an improvement of the business environment in Brunei, attracting more foreign direct investment (FDI) and allowing local micro, small and medium enterprises (MSMEs) to access a wider market.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-19722-3_8

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DOI: 10.1007/978-3-030-19722-3_8

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