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How Brunei Built the Laziest Economy in the World

How Brunei Built the Laziest Economy in the World

Economics Explained

October 11, 202313m 4s

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Show Notes

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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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