Brunei's Hidden Economic Crisis

To the outside world, the tiny Southeastern Asian monarchy of Brunei looks like a Shangri-La. The country, with a population of less than half million, has one of the highest levels of GDP per capita in the world. The benevolent Sultan, once the richest man in the world, has ensured free education and medical care, and highly subsidized food and housing for his subjects. Most Bruneians are employed by the government, which assures them a considerable degree of economic stability.

 

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