As in many other oil and gas dependent countries, Brunei
Darussalam—a country with a small population but the second
highest income per capita in Southeast Asia—has been diversifying
its economy in three sectors: from oil and gas to other sectors of
export/economic growth; from the dominance of public sector
employment to a more balanced public and private sectors
employment; and from heavy dependence on foreign labours to
development of local talents. This book examines the current
socio-economic development in the journey toward a diversified
social economy, as targeted in Brunei Vision 2035. By examining the
unique context of Brunei, this book fills in the gap on studies
focusing on socio-economic diversification. It highlights the
importance of the environment, digital technology and human capital
in the diversification process. The book culminates with analyses
on business, economy, employment and welfare in Brunei toward 2035,
with a new face: a digitalized, sustainable and self-reliant
society with a highly developed human capital and a flourishing
private sector.
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