Download or read book When Can Oil Economies Be Deemed Sustainable written by Giacomo Luciani and published by Springer Nature. This book was released on 2020-09-30 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.

Download or read book Green Petroleum written by M. R. Islam and published by John Wiley & Sons. This book was released on 2012-09-25 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can "green petroleum" reverse global warming and bring down high gasoline prices? Written in non-technical language for the layperson, this book investigates and details how the oil and gas industry can "go green" with new processes and technologies, thus bringing the world's most important industry closer to environmental and economic sustainability. This book unravels the mysteries of the current energy crisis and argues that solutions to global warming will come only from the development of new technologies. Discussed here are the reasons why petroleum operations, as they are now, are not sustainable; how each practice treads an inherently implosive path; and how each spells irreversible damage to the planet's ecosystem. Fossil fuel consumption is not the culprit; rather, the practices involved, from exploration to refining and processing, are responsible for the current damage to the environment.

Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Download or read book Economic Diversification in Oil Exporting Arab Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-04-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...

Download or read book The Power of Renewables written by Chinese Academy of Engineering and published by National Academies Press. This book was released on 2011-01-29 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.

Download or read book The Economy of Saudi Arabia in the 21st Century written by John Sfakianakis and published by Oxford University Press. This book was released on 2024-03-28 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about Saudi Arabia's efforts to overhaul its economy and the numerous prospects and challenges it faces in doing so. As one of the world's leading oil producers, the outcomes of the most ambitious wave of reforms Saudi Arabia has ever undertaken will provide valuable lessons not only for the kingdom itself but also for other oil-dependent and resource-based economies. Since 2016, Saudi Arabia has embarked on an unparalleled economic - if not social and political - transformation project with an ultimate aim of diversifying away from oil. New sources of growth such as tourism, industry, and entertainment have been identified, but it remains to be seen whether these will be enough to sustain the economy in the post-oil era. Reforms, including lowering energy subsidies, instituting VAT, and introducing indirect taxes on labor and businesses, have already produced notable results. Looking ahead, the economy requires rigorous and continuous processes of severe competition amongst its private sector participants as well as strong institutions. It also requires creative destruction to be allowed to run its course within the wider economy. The economic reform experiment undertaken by Saudi Arabia remains the most sweeping among emerging market economies - and certainly in the entire Middle East. The changes are all encompassing and involve a complex redrawing of the political, economic, religious, and social map.

Download or read book Insight Turkey Summer 2022 Embracing Emerging Technologies written by and published by SET Vakfı İktisadi İşletmesi. This book was released on 2022-11-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historically speaking, technology has been one of the main determinants in international politics due to its impact on economic development and warfare. However, lately, its preponderancy is becoming more inclusive considering that technologies such as artificial intelligence (AI) Internet of Things (IoT), big data, blockchain, 3D printing, etc. are evolving faster than ever. From the Ukraine-Russia war and the energy crisis to the global economic and social crisis to the deepening great powers rivalry, all point to the importance of emerging technologies. Specifically, technology has become a key asset in the framework of international relations, and the so-called technopolitics –the entanglement of technology with politics– is impacting global affairs at the international and national levels. Primarily, emerging technologies have a transformative impact on the actors of the international order. While the existing Western-led international system had at its core the Westphalian principles, with states as the main actors, it is expected that in the close future this will be challenged by the tech giants who are now driving the technological revolution. Considering the state’s dependency on tech giants for the development of emerging technologies and the impact of these technologies on economic development and national security, it is understandable that the power of tech giants will increase. So, when faced with an international crisis, states and international/regional institutions will not be the only actors sitting at the table. Furthermore, the structure and hierarchy of the international system will be shaped by the evolution of technology. Seen both from the economic and military perspectives, the early adoption of these emerging technologies will provide a strategic advantage for the early users, which undoubtedly is directly reflected in the power of states and their position within the existing order. While some states become more successful than others in the production, development, and adoption of these technologies, the hierarchy between states will change as well, leading to a new global order. The ongoing great power competition –especially between the U.S. and China– can be understood within this framework as it would not be wrong to assert that technological competition is the main ground of rivalry. Both states consider technological development as the main asset to achieve their national goal, for the U.S. it is to maintain its leadership in the existing system; while China aims to leapfrog the U.S. and become a superpower. As technology shapes and changes the relations among states, so will other aspects of politics be affected, such as diplomacy and warfare. While the creation and advancement of the Metaverse are considered to revolutionize diplomacy, the application of artificial intelligence in the military is indeed revolutionizing warfare. As mentioned previously the proper and quick adoption of these emerging technologies in the political agenda is directly related to the reflection of a state’s power in the international system. In this context, lagging in this technological revolution would be detrimental to a state. Türkiye is one of the few states that is not only aware of the benefits of the early adoption of the new technologies but has also taken important steps in this regard. Becoming official in 2019, Türkiye has announced its policies called “National Technology Initiative” and “Digital Türkiye.” Both policies are impacting every sector of life in Türkiye –i.e., industry, health, education, defense, etc.– and aim to transform the state’s technological future by using its local capacities to produce high-tech products. As a result, Türkiye will gain more economic and technological independence which will place Türkiye among the most technologically developed states in the future. To illustrate this point, Türkiye’s defense industry has been revolutionized within the concept of the National Technology Initiative. Henceforth, today Türkiye has become one of the leading global actors in terms of the production and use of Unmanned Aerial Vehicles (UAVs). The impact of the emerging technologies in every aspect of human life is unequivocal, however, this special issue of Insight Turkey will focus mainly on how technopolitics is shaping the states’ policies, with a special focus on Türkiye. Within this context, this issue includes 8 research papers and 5 commentaries, all of which offer a novel perspective on the subjects they address. Our commentary section features two on-topic and three off-topic pieces. In his inquisitive commentary, Richard A. Bitzinger seeks to illustrate how the technologies incorporated into the upcoming 4th industrial revolution, and AI in particular, promise to represent a radical paradigm shift in the form and conduct of combat in the future. Bitzinger’s analysis makes it clear that these technologies will probably also have a significant influence on international rivalries between large powers, aspirational regional actors, or governments who view technology as a vital force multiplier. This analysis, we believe, will shed light on how new and emerging critical technologies are challenging the traditional warfighting paradigm, as well as how militaries can access and leverage these innovations. In our second on-topic commentary Bruno Maçães challenges readers to consider climate change and its impact on global politics bravely and originally. According to Maçães, we cannot refer to climate change as a byproduct of the Anthropocene, the world that humans have created. Because of our limited potential to influence natural processes and consequent inability to control the unintended effects of our activities and decisions, climate change is still fundamentally a natural phenomenon that humans have only just begun to cause. Intriguingly, Maçães contends that joining the Anthropocene for the first time, as opposed to leaving it, is the solution to the climate problem. Our research articles cover a wide range of topics that are all important to the relationship between technological advancements and global politics. In the first paper of the line, Erman Akıllı launches a stimulating conversation about the future success of the Metaverse, which depends, according to the author, on the creation of universes that are founded on global organizations or regional integrations rather than monopolization. Instead of offering quick fixes, Akıllı poses some tough questions. For instance, he raises our attention to unanswered questions regarding state sovereignty in general and the issue of how a state can exercise its sovereign authority in the Metaverse. The author also emphasizes the vast prospects that the metaverse offers for nations to engage in cultural diplomacy. In line with this, the author describes efforts to build the Turkoverse, a metaverse based on the Turkic world, which would allow for unrestricted movement of people and goods inside the Turkic World while eliminating the physical gap between member states’ capitals. In the upcoming article, Javadbay Khalilzade describes how UAVs, or combat drones have proliferated and how this has changed and shaped modern warfare. The article looks at Türkiye as a manufacturer and active user of UAVs in wars in Africa and the Middle East. The case study in the article also looks at Azerbaijan, a third-tier small state that depends on drone exports but is ambitious enough to use drones to make its presence felt in the region and liberate its lands. The article makes the case that drones give militaries a tactical edge, improve combat precision, and broaden the arsenals available for fighting insurgencies; yet drone proliferation also makes states more prone to conflict and compromises regional peace and security. In the following research article, Nezir Akyeşilmen investigates the documents, policies, strategies, measures, and organizational structures of Türkiye’s national cybersecurity strategy. Is Türkiye’s cybersecurity strategy properly designed to deal with the new security environment in the hyper-anarchic world of cyberspace? Following a thorough examination of Türkiye’s cybersecurity strengths and weaknesses, Akyeşilmen responds prudently to this question: Türkiye’s technical performance is relatively weaker than its legal performance, necessitating the development and implementation of a centralized cybersecurity strategy by a large and powerful institution. Following Akyeşilmen’s insightful criticism, Ali Burak Darıcılı evaluates the Turkish National Intelligence Organization’s (Millî İstihbarat Teşkilatı, MİT) increasing operational capacity in the context of high-technology products. Darıcılı concludes that MİT’s domestic technology capabilities have made a significant contribution to Türkiye’s counter-terrorism activities, achievement of regional foreign policy goals, deployment of hard power in the field when necessary, and efforts to become a proactive actor in the region. Then, Cenay Babaoğlu questions how the pandemic process has affected the increasing digitalization of public administrations with the rising use of technology in administrative functions as our focus shifts from security to public administration. The author recalls that, with support from both supply and demand, the COVID-19 pandemic has been a driving force in government digitalization. As the author explains, following this trend, and particularly with the transition to the Presidential Government System in 2018, the Presidency Digital Transformation Office, which was established as the coordinator of digital transformation, played an important role in Türkiye during the pandemic. In what follows, Narmina Mamishova examines Türkiye’s vaccine diplomacy and its role in the country’s efforts to maintain and expand its stakes in the global power configuration. Highlighting how, since the outbreak of the coronavirus pandemic, public health has emerged as a key issue of discourse among states, the authors show how Türkiye has managed to consolidate its strength in the international arena through both skillful balancing in terms of vaccine deals and well-packaged humanitarian efforts. The author argues that Türkiye has been successful in achieving this through persevering in the pursuit of a proactive, comprehensive policy, in which the sole standard for a move’s legitimacy would be its alignment with the nation’s national interests. As we shine a spotlight on the economy in the post-COVID-19 era, Bilal Bagis focuses on the ways a new instrument, central bank digital currency, is projected to improve contemporary payment systems, strengthen the effectiveness of the monetary policy, and assure financial stability in the new period. Following the 2008 Crisis and the 2020 Pandemic, as well as innovations such as the all-new cryptocurrencies and stable coins, many central banks have expressed an interest in introducing their own digital money, according to the paper. Anticipating that physical currencies will inevitably be digitalized, one way or the other, the author poses a valid question: “why not embrace the trend and the new technology, regulate and then make sure digital currencies satisfy all the functions of a regular conventional physical currency?” In a similar spirit, in our final research paper, Mehmet Rıda Tür makes the prediction that AI will soon overtake humans as the primary decision-makers in the energy sector. For the author, making the energy system more flexible and establishing a smart supply system with domestic and renewable energy resources at its core is necessary to prevent any bottlenecks in satisfying the energy demand of all countries including Türkiye. From our off-topic pieces, Mahmut Özer, the Minister of National Education of Türkiye, elaborates on the process of universalization from elementary to higher education in Türkiye, describing how it gave priority to areas with comparatively lower rates of schooling by making large investments and carrying out large initiatives. Özer explains how, because of recent changes the nation has undergone in the education sector, Türkiye’s educational system has been able to overcome the difficulties it had inherited from the past and has strengthened its capacity to become even more effective and equitable for all pupils. In the following off-topic commentary, Nurşin Ateşoğlu Güney focused on the most recent achievement of Türkiye in bringing the warring sides of Ukraine and Russia to an agreement on the transfer of grain from Ukraine’s ports. Güney contends that this is a result of Ankara’s long-standing sensible approach of maintaining communication with both capitals despite hostilities to maintain access to both. She concludes that the prospect of growing food scarcity conditions and subsequently the projected worldwide crisis appears to have been avoided for the time being thanks to Türkiye’s effective mediating performance, which will also be conducive to alleviating the negative conditions caused by the likelihood of food shortages in locations like Egypt, Lebanon, and elsewhere. The political and strategic repercussions of Russia’s war against Ukraine are examined by Sabrina P. Ramet and Aleksander Zdravkovski in the final commentary. The authors claim that because of the war in Ukraine, Serbia may now see an opportunity to conclude some unfinished business. Serbia has recently been buying weapons from China and Russia for this purpose, and it has also tried to buy 12 fighter jets from France. The recent armaments buildup by Serbia is unlikely to be for defensive purposes, as the writers draw our attention to the fact that none of Serbia’s neighbors or any other states for that matter pose a threat to Serbia. All things considered, we endeavored to explore as many facets as possible of the interplay between new technology advancements and Turkish technopolitics in the Summer 2022 issue of Insight Turkey. We hope and believe that the insightful and stimulating debates raised on the issue will be helpful to our readers.

Download or read book Sustainability in the Oil and Gas Sector written by Thomas Walker and published by Springer Nature. This book was released on with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Sustain Ability written by Gregory Howard Gebhart and published by CreateSpace. This book was released on 2011-05-01 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: With $100-a-barrel oil and revolution throughout the Middle East and North Africa, the world must face the reality that within 50 years oil will be completely gone from the face of the Earth. The World Petroleum Economy will be no more. After making hundreds of billions of dollars in profits every single year the world's oil companies will be bankrupt. Way before then, increased demand for oil from China and India and elsewhere in developing countries will drive the price of gasoline up to $8-a-gallon and beyond. Way before then Green House Gases will be off the charts and global warming will be in a death spiral. Wild storms will scour the face of the Earth as its atmosphere tries to adjust to the rising temperatures. The only alternative, sustainable energy source that can be scaled up before then will be second-generation biofuels like ethanol from switch grass. We must act now. We must move away from and boom-and-bust, bubble-generating Petroleum Economy whose only goal is growth-more and more growth. The only problem is that more-and-more growth in any country's economy without end is not sustainable-it cannot go on indefinitely. The American economy and with it the world economy just cycles back-and-forth between boom and bust. What is needed is an American economy and a world economy that will longer fail every business cycle-that will be renewable, that will be sustainable. A key part of renewable, sustainable economies will be fuels that are renewable and sustainable-specifically, biofuels. This book will elaborate on how all of this may be accomplished.

Download or read book Building a Sustainable and Desirable Economy in Society in Nature written by Peter Victor and published by ANU E Press. This book was released on 2013-12-03 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world has changed dramatically. We no longer live in a world relatively empty of humans and their artifacts. We now live in the “Anthropocene,” era in a full world where humans are dramatically altering our ecological life-support system. Our traditional economic concepts and models were developed in an empty world. If we are to create sustainable prosperity, if we seek “improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities,” we are going to need a new vision of the economy and its relationship to the rest of the world that is better adapted to the new conditions we face. We are going to need an economics that respects planetary boundaries, that recognizes the dependence of human well-being on social relations and fairness, and that recognizes that the ultimate goal is real, sustainable human well-being, not merely growth of material consumption. This new economics recognizes that the economy is embedded in a society and culture that are themselves embedded in an ecological life-support system, and that the economy cannot grow forever on this finite planet. In this report, we discuss the need to focus more directly on the goal of sustainable human well-being rather than merely GDP growth. This includes protecting and restoring nature, achieving social and intergenerational fairness (including poverty alleviation), stabilizing population, and recognizing the significant nonmarket contributions to human well-being from natural and social capital. To do this, we need to develop better measures of progress that go well beyond GDP and begin to measure human well-being and its sustainability more directly.

Download or read book The Caribbean Blue Economy written by Peter Clegg and published by Routledge. This book was released on 2020-10-22 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Blue Economy is emerging on the global scene as a powerful and persuasive new concept for sustainable development based on economic activities associated with the ocean. Several regions globally have adopted this concept at national and regional levels, including the Caribbean. Given the complex, multisectoral and multilevel nature of the Blue Economy, it is clear that different approaches will be needed for different regions. Hence, this volume explores the opportunities, threats and risks involved in operationalising the Blue Economy in the Wider Caribbean Region, defined as northern Brazil to the USA and all mainland and island countries and territories in-between. The first part of the book looks at where the region stands in the global picture regarding adoption of the Blue Economy and what is planned. The second set of chapters examines key crosscutting issues such as ecosystem services, climate change and governance at national and regional levels that could make or break the Blue Economy initiative. The book then goes on to explore the main sectoral activities that will constitute the Blue Economies in the region: fisheries, tourism, shipping and transport, renewable energy, oil and gas, seabed mining and waste management are all considered. The book ends with a synthesis of the political and technical requirements to overcome threats and take advantage of opportunities in the Blue Economy.

Download or read book Political Power and Environmental Sustainability in Gulf Monarchies written by Tobias Zumbraegel and published by Springer Nature. This book was released on 2022-09-23 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a new perspective about the Gulf Arab states entering a post-oil era by looking at the political factors behind the green transformation. It discusses the recent ‘environmental enthusiasm’ in the oil- and gas-rich Gulf monarchies by asking how political power can be constituted through advocating environmental sustainability. While hydrocarbon-wealthy Gulf monarchies have been viewed as the globe’s ‘hydrocarbon powerhouse’ with an immense ecological footprint, efforts towards sustainability and environmental protection measures are increasingly monitored. Climate Change, environmental, degradation and the global pressure towards a low-carbon development are threatening the very basis of economic and political power of the oil- and gas-exporting Gulf monarchies. So far, discussions about this fundamental transformation have barely elaborated how it affects and reorganizes political power games in the region. This book attempts to overcome the dominant focus of techno economic drivers of change and uncovers how environmental sustainability impacts state-society and state-elite relationships as well as shaping regional and even global geopolitics.

Download or read book Beyond Growth written by Herman E. Daly and published by Beacon Press. This book was released on 2014-09-30 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics." --Utne Reader "Considered by most to be the dean of ecological economics, Herman E. Daly elegantly topples many shibboleths in Beyond Growth. Daly challenges the conventional notion that growth is always good, and he bucks environmentalist orthodoxy, arguing that the current focus on 'sustainable development' is misguided and that the phrase itself has become meaningless." --Mother Jones "In Beyond Growth, . . . [Daly] derides the concept of 'sustainable growth' as an oxymoron. . . . Calling Mr. Daly 'an unsung hero,' Robert Goodland, the World Bank's top environmental adviser, says, 'He has been a voice crying in the wilderness.'" --G. Pascal Zachary, The Wall Street Journal "A new book by that most far-seeing and heretical of economists, Herman Daly. For 25 years now, Daly has been thinking through a new economics that accounts for the wealth of nature, the value of community and the necessity for morality." --Donella H. Meadows, Los Angeles Times "For clarity of vision and ecological wisdom Herman Daly has no peer among contemporary economists. . . . Beyond Growth is essential reading." --David W. Orr, Oberlin College "There is no more basic ethical question than the one Herman Daly is asking." --Hal Kahn, The San Jose Mercury News "Daly's critiques of economic orthodoxy . . . deliver a powerful and much-needed jolt to conventional thinking." --Karen Pennar, Business Week Named one of a hundred "visionaries who could change your life" by the Utne Reader,Herman Daly is the recipient of many awards, including a Grawemeyer Award, the Heineken Prize for environmental science, and the "Alternative Nobel Prize," the Right Livelihood Award. He is professor at the University of Maryland's School of Public Affairs, and coauthor with John Cobb, Jr., of For the Common Good.

Download or read book After the Fall written by Bruce Bagley and published by . This book was released on 2018 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume examines whether the unexpected decline in the price of oil had a positive or negative impact on the world economy. Bringing in academics, business-leaders and policy-makers from around the globe, authors shed light on the changing international political economy after the fall.

Download or read book Stability Growth and Sustainability written by Aris Ananta and published by ISEAS-Yusof Ishak Institute. This book was released on 2023-01-18 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. "This is a very useful analysis of the challenges facing Brunei Darussalam as the country prepares itself for the 21st century. We are in an unprecedented period of human connectivity facilitated by an increasingly digitalised and high-tech world. The transition which the people, policy and business sectors have to undergo, and survive, is a fascinating learning journey for a small state. This book has succinctly highlighted the experiences we should pick up and apply where relevant for our respective countries going forward." -- Ambassador Ong Keng Yong, Executive Deputy Chairman, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore; and the 11th Secretary-General of ASEAN "This forward-looking study of the Brunei economy is timely and topical. Appropriately, the authors identify 'diversification' as the country's key economic challenge, in preparation for the exhaustion of oil reserves and as the world progressively decarbonises. To this end they set out a comprehensive reform agenda focused on education, the labour market, social policy, the development of non-oil industries, environmental objectives and much else. This is a very useful and informative guide not only for the Brunei government and society, but also for neighbouring ASEAN member states." -- Professor Emeritus Hal Hill, Australian National University "This collection fills a considerable gap in our knowledge of the socio-economic circumstances and developmental trajectories of Brunei Darussalam. In particular, it serves as a major and much needed contribution to our understanding of the challenges of economic diversification in an oil- and gas-dependent sultanate." -- Professor Emeritus Victor T. King, University of Leeds "This book aims to identify and discuss the various issues about, challenges faced by, and opportunities from Brunei’s diversification of her oil-dependent economy in response to the changing economic landscape at the national, regional and global levels. The various chapters provide a comprehensive analysis of the different sectors of Brunei’s economy, and the authors’ clear discussion of their arguments and justifications that are substantiated with relevant data and graphical illustrations, and a wide range of primary and secondary materials. I would like to congratulate the authors for this excellent book and recommend it to those who are interested in knowing and understanding Brunei’s economy." -- Associate Professor Teofilo C. Daquila, National University of Singapore

Download or read book Economic Diversification in the GCC written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 2014-12-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.

Download or read book Sustainability Management in the Oil and Gas Industry written by Joshua Yindenaba Abor and published by Taylor & Francis. This book was released on 2023-06-07 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil and gas industry is a complex sector with significant reach in terms of providing the energy needs of the global economy and the security, environmental and development consequences thereof. In particular, the sector is extremely important for the economic growth of emerging markets and developing countries. Furthermore, the life span of oil and gas resources is finite, with high health and safety risks and substantial environmental costs that require careful management and sustainability practices to ensure optimal extraction and utilisation of these resources. This book examines the challenges and opportunities in the oil and gas industry, in the context of emerging markets and developing economies. It provides comprehensive coverage of the management and sustainability practices of the sector, the environmental impact and sustainability of resources as well as the businesses that operate in the sector across the entire value chain. It addresses the current discourse on topics such as the Sustainable Development Goals, the Green Economy, the Paris Agreement and Glasgow Climate Pact and concludes with a chapter on the future of the oil and gas industry. The discussions around energy and energy transitions in particular continue to gain momentum and the book provides a wide-reaching and up-to-date overview of the industry. The book introduces readers to the concepts and formal models of analysis in the oil and gas sector and will serve as a useful resource for students, scholars and researchers in operations, marketing, procurement and supply chain management, project management, health and safety management, environmental economics, natural resource economics, development finance, and development studies. Researchers and practitioners working in these areas will also find the book a useful reference material.