Be warned, this is not about my interesting moments in life but this is the nerdy moment that occurs to me more than once in a while when I start thinking about national development.
YOU HAVE BEEN WARNED.
I was supposed to help a friend in expressing my opinions to him through Skype for a certain occasion. However, unfortunately I am not able to due to technical difficulties in dealing with video conferencing. The topic was supposed to be about Foreign Direct Investments (FDIs) flowing in relation to Brunei’s economic development.
FIRST of all,
FDI is invesment only in assets, which is a strong enough investment that can hold a company in a location for a significant amount of time. Not just money.
So when we talk about FDIs, think Shell company for Brunei. Think Walmart in China and so on.
In terms of economics, economic development is a growth in national income (GDP). or in simpler terms, more goods and services that improves the standard of living.
But to make it even simpler, and dumb-ify all these terms, economic development is supposed to make things better.
I guess it would be no argument that for a company to invest their business in say, Brunei, Brunei would definitely be economically better-off. The question in mind, or at least in my mind, is what kind of country we want Brunei to be in the future.
Based on the kind of future(specific vision) that we want Brunei to grow into, we can derive the kind of businesses needed, the level and type of education to be reached by a certain point in time to fill in the labor needs for a growing economy and the kind of policies needed to regulate people to get into the groove of the shifting economy.
With these three things in mind, we can develop a whole plan out of it and we can figure out what kind of FDIs would be good for Brunei and how we can begin to attract them to invest in Brunei.
This post is getting really long now and frankly, I just don’t think I’ll be able to follow. LOL.. see how lazy I am~
Anyway, in a following post, I’ll begin with Brunei’s 2035 vision and how it can be achieved (based on my opinion which is based on my experiences and knowledge).
See y’all soon