Oil and Economic Development Issues in Brunei
Oil and Economic Development Issues in Brunei

Author: B. A. Hamzah

Publisher: Institute of Southeast Asian

Published: 1980

Total Pages: 42

ISBN-13:

DOWNLOAD EBOOK

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.

Brunei Darussalam: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brunei Darussalam
Brunei Darussalam: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brunei Darussalam

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-09-20

Total Pages: 73

ISBN-13: 1513597108

DOWNLOAD EBOOK

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.

The Oil Curse
The Oil Curse

Author: Michael L. Ross

Publisher: Princeton University Press

Published: 2013-09-08

Total Pages: 314

ISBN-13: 0691159637

DOWNLOAD EBOOK

Explaining—and solving—the oil curse in the developing world 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.

Oil, Economic Development and Diversification in Brunei Darussalam
Oil, Economic Development and Diversification in Brunei Darussalam

Author: Mark Cleary

Publisher: Springer

Published: 2016-07-27

Total Pages: 161

ISBN-13: 1349234850

DOWNLOAD EBOOK

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 to Cash
Oil to Cash

Author: Todd Moss

Publisher: CGD Books

Published: 2015-06-10

Total Pages: 190

ISBN-13: 1933286695

DOWNLOAD EBOOK

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.

Building for Oil
Building for Oil

Author: Li Hou

Publisher: BRILL

Published: 2020-10-26

Total Pages: 271

ISBN-13: 168417094X

DOWNLOAD EBOOK

"Building for Oil is a historical account of the development of the oil town of Daqing in northeastern China during the formative years of the People’s Republic, describing Daqing’s rise and fall as a national model city. Daqing oil field was the most profitable state-owned enterprise and the single largest source of state revenue for almost three decades, from the 1950s through the early 1980s. The book traces the roots and maturation of the Chinese socialist state and its early industrialization and modernization policies during a time of unprecedented economic growth.The metamorphosis of Daqing’s physical landscape in many ways exemplified the major challenges and changes taking place in Chinese state and society. Through detailed, often personal descriptions of the process of planning and building Daqing, the book illuminates the politics between party leaders and elite ministerial cadres and examines the diverse interests, conflicts, tensions, functions, and dysfunctions of state institutions and individuals. Building for Oil records the rise of the “Petroleum Group” in the central government while simultaneously revealing the everyday stories and struggles of the working men and women who inhabited China’s industrializing landscape—their beliefs, frustrations, and pursuit of a decent life."

Global Economic Prospects, June 2021
Global Economic Prospects, June 2021

Author: World Bank

Publisher: World Bank Publications

Published: 2021-08-03

Total Pages: 339

ISBN-13: 1464816662

DOWNLOAD EBOOK

The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.