How Brunei Built the Laziest Economy in the World
10/11/23 • 13 min
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Brunei is a welfare state, where the government basically pays for everything from national defence to schools, energy to heavily subsidised housing. But their oil reserves are running out and they aren't diversifying their export industry quickly enough to prepare for the day when they no longer have a free lunch.
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LinkedIn Jobs helps you find the qualified candidates you want to talk to, faster. Post your job for free at https://www.linkedin.com/ee. Terms and conditions apply.
Brunei is a welfare state, where the government basically pays for everything from national defence to schools, energy to heavily subsidised housing. But their oil reserves are running out and they aren't diversifying their export industry quickly enough to prepare for the day when they no longer have a free lunch.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous Episode
Why Nations Fail
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We wanted to highlight the paradox of global economic growth alongside isolated national crises. Why do certain economies like Lebanon, Sri Lanka, and Pakistan face collapse when the global economy is reaching unprecedented highs? We'll identify common factors behind these failures, and discuss potential solutions to safeguard other nations from similar fates.
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Next Episode
Skills Wars Are the New Trade Wars
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Trade wars are costing the world trillions of dollars every year, but far less attention is paid to the movement and control of the movement of skills and labour. It is much easier than ever before to take an education and move to a country where workers can benefit personally, but at a certain cost to the country that trained them. Skills wars may be the new trade wars.
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