Economy and Employment in Brunei
Bibliographic Data
| ID | 4490849 |
|---|---|
| Authors | Warwick Neville (corresponding author) |
| Year | 1985 |
| Volume | 75 |
| Issue | 4 |
| Pages | 451 |
| Publication date | 1985-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Geographical Review (JOURNAL) |
| Journal identifiers | ISSN: 0016-7428 • E-ISSN: 1931-0846 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/214412 |
| OpenAlex | W2315491082 |
| Language | EN |
| Citations received | 1 |
The economy of Brunei is buoyant, but narrowly based on the capitalintensive hydrocarbons industry. Attempts to diversify economic development and employment have had little success. Agriculture continues to decline, while the service sector shows substantial expansion. Redistribution of wealth in Brunei society relies on welfare mechanisms that exclude noncitizens. THE economy of Brunei has benefited outstandingly from the wealth generated by the oil industry. Its dominance has important consequences for the economy, the labor force, and the general populace. The success of the hydrocarbons industry has been so substantial that the viability of the Brunei economy has not seriously been affected by the worldwide problems of overproduction and price cutting. However, in terms of employment, capital cost per worker is very high, and the number of jobs created, particularly for local employees, is relatively modest. Promotion of economic development has been difficult because of the continued, if somewhat qualified, success of this revenue-generating industry. Multiplier effects, mainly evident in the expansion of infrastructural and service activities, are significant, but a large proportion of the labor force and consequently of the general population has no direct connection to the oil industry. A result of this pattern is the disbursement of national wealth through subsidies and other welfare-type mechanisms to eligible individuals. The goal of increased equity is selectively implemented. This article explores the dimensions of the Brunei situation at two levels: the economy itself, which is dominated by one industry and beset by ineffectual attempts at diversification; and the size of the labor force, which scarcely hints at the importance of the oil industry. The study demonstrates that national achievements in economic development and viability do not always accord with needs for employment or the individual welfare of all groups of the population
Economics · Economy · Political science · History · Natural Resources and Economic Development · Private Equity and Venture Capital · State Capitalism and Financial Governance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1990 - 1990 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |