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Article: Determinants of supply of non-oil exports in Brunei Darussalam.
- Article from:
- ASEAN Economic Bulletin
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Institute of Southeast Asian Studies (ISEAS). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I. Introduction
Brunei Darussalam (hereafter Brunei) is a small country at the northern tip of the Borneo Island in Southeast Asia, with a population of about 348,800 in the year 2002 (Government of Brunei Darussalam 2003). The country is largely dependent on oil and gas for exports with the oil and gas sector currently contributing about 40 per cent of its gross domestic product (GDP). Rapid development of the oil and gas sector as the backbone of the economy since the early 1960s, when the first major offshore oil deposits were discovered, led to the establishment of an extensive government welfare system. Bruneian citizens enjoy such benefits as free medical ...