Basically this article is about Brains v Natural Wealth.

Natural Wealth will solve all your problems in the short run, but will make your leaders complacent and unable or unwilling to plan strategically for the future. Once the Natural Wealth runs out and you have no plan, to turn around would be almost impossible as your neighbors would have slaughtered you economically.

But if you really on Brains only to survive, planning is vital and you could not afford to make big mistakes. The leaders have to be constantly on their toes and their country will always make decisions that effect them 30-40 years down the line.

This post has been edited by tat3179: May 5 2012, 09:15 PM

1st Q...Hong Kong, they're the head of asia for a reason
and when i refer to low profile..meaning wealth...the only way u see how wealthy brunei is to see the sultan's car collection
and brunei as 1 of the richest and low population, they can last long...unlike UAE where they just spend it all
got future or not...still need to see how they do but as a "bruneians"...its VERY VERY GOOOOD

More like because we have no choice since we have already lost high tech to the likes of Singapore, Taiwan and Korea.

UAE spend because they want to diversify their economy such as tourism. they dont want to be to dependent on oil.

all songlap ofcoz lose to small country lar

tapi when foreign investment nak masuk ex, lynas... ppl dun want

They have beaten Hong Kong which after WWII was way more economically advanced than Singapore and many other Asian countries during the 50s because of their status as a British Crown Colony. Heck, the Singaporeans are proud because they beat Hong Kong recently and don't even bother about the news that they surpassed Malaysia.

Hong Kong was their rival, not Malaysia.

Read the article.

Like I said, you are looking in the short term. No matter how much oil Brunei has now, it will run out. The article states that more than 90 percent of Brunei's economy is oil based. They almost have no industrial base and no knowledge worker base. Their people are not productive and I think depends on the oil money their government hand to them. In fact, the article states that the government even embarked Islamification policies recently that drives even more smart and productive people out from the country. Their attempts on diversification has failed repeatedly.

They are in fact, worse than the UAE. At least Dubai is more modern than Brunei and embarked to a more successful diversification by attracting talent to go there until the big bust of 2008. Brunei, the opposite is happening.

Sure, Brunei looks very gooding now, Tell me. Would you stake your children's and their children's future on a country like Brunei?

SK president, after retired, get into jail, or suicide. they have law. even president is not given special treatment.

our former president? rich, richer, richest.

we are lawless. what do we have to combat corruption?

uproot the weeds, don't think about your own kind and yourself, think about the country

posting in butthurt tered...

Very well articulated. The last question is a good reinforcement to your points.

malaysia got NEP, got shit policy. gov want money but dont want work.... become like shit now lor

why ppl today all so provocative? saturday night surfing kopitiam is forever alone and rage?

i dun have the power to uproot the weed.

i have one vote. and i know what should i do with it though.

What I care is the Sultan, he has too much "toys". His cars are uncountable.

ya..its smart they did that
but their things are kinda like..not cheap
their tourism is for ppl who are doing quite well only..not for airasia free ticket customers

1 SGD = 1 Brunei Dollar

You want to see a potential failed state in the making, try counting the no. of cars and palaces their leaders have.

But even the UAE is not successful in transforming themselves and diversify completely from oil.

Why? When a country attracts more low skilled workers to be their maids, security guards, waiters, laborers..etc than high skilled workers you are going nowhere.

When your own people are too spoiled to learn, work and gain knowledge to compete with the East Asian economies, you're screwed.

When your people refuse to break through your sense of superiority and the comfort zone of your religion and culture and adapt to globalisation, you just can't compete.

One must see beyond the shiny towers and impressive infrastructure that your oil money could buy.

I do not know how many million spend by the sultan just for supercar alone, not included palaces. I heard cutlery is make of gold ?

Mevotex in Lowyat? LOLz..

eh soundsys...u copied from miricommunity.net