Oil and Economic Development Issues in Brunei / / B.A. Hamzah.

• Superior document: Title is part of eBook package: De Gruyter ISEAS Archive eBook-Package 1970-1999
• VerfasserIn: Hamzah, B.A.,
• Place / Publishing House: Singapore : : ISEAS Publishing, , [1980]; ©1980
• Year of Publication: 1980
• Language: English
• Physical Description: 1 online resource (34 p.)
• Other title: Frontmatter --; PREFACE --; Oil and Development --; Review of Past Development Plans --; The Third Brunei Plan --; Defence Allocation --; Theoretical Basis --; The Ideal Type Index Approach --; The Diffusion Approach --; The Psychological Approach --; Oil Policy Issues --; Brunei and OPEC --; Brunei and ASCOPE --; ASEAN --; Conclusion --; THE AUTHOR
• Format: Mode of access: Internet via World Wide Web.
• ISBN: 9789814377638; 9783110606690
• DOI: 10.1355/9789814377638
• Access: restricted access
• Hierarchical level: Monograph
• Statement of Responsibility: B.A. Hamzah.

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 backard 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.