Brunei's quest for sustainable development: Diversification and other strategies

Clement Tisdell

Journal of the Asia Pacific Economy, 1998, vol. 3, issue 3, 388-409

Abstract: 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 specialization 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.

Date: 1998
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13547869808724659 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Brunei's Quest for Sustainable Development: Diversification and Other Strategies (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:3:y:1998:i:3:p:388-409

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjap20

DOI: 10.1080/13547869808724659

Access Statistics for this article

Journal of the Asia Pacific Economy is currently edited by Leong Liew

More articles in Journal of the Asia Pacific Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().