Handbook on the Northeast and Southeast Asian Economies

Handbook on the Northeast and Southeast Asian Economies

Elgar original reference

Edited by Anis Chowdhury and Iyanatul Islam

This original Handbook on the Northeast and Southeast Asian Economies provides a broad overview of economic and social developments in the countries covered (Brunei Darussalam, Cambodia, China, Hong Kong, Indonesia, Japan, Lao, Malaysia, Myanmar, North Korea, The Philippines, Singapore, South Korea, Taiwan, Thailand and Viet Nam). The analytical narratives on the economic transformation of these economies draw on existing literature, and highlight the interactions of socio-political factors. They examine the role of economic policies and the influence exerted by historical and political circumstances.

Chapter 10: Brunei Darussalam

Rosnah Opai

Subjects: asian studies, asian development, asian economics, development studies, asian development, economics and finance, asian economics, international economics

Extract

Rosnah Opai A short political history Brunei was referred to as ‘Po-ni’ or ‘Po-li’ in the ancient Chinese records of  518, 523 and 616. In the ninth century, it was conquered by the Sumatran Hindu Empire of Srivijaya. When the Srivijaya empire collapsed, Brunei came under the control of the Majapahit empire for a short while but soon regained its independence. From the fourteenth to the sixteenth centuries Brunei was able to extend its control and influence over Sabah, Sarawak and the lower Philippines. During this period (1605–19) the ninth sultan, Hassan, fully developed an elaborate Royal Court structure, elements of which still remain today. However, this period of golden age entered a period of decline in the early seventeenth century due to internal conflicts as well as the rising influences of European colonial powers. Brunei’s territory gradually reduced. In 1839, the English adventurer James Brooke arrived in Borneo and helped the sultan put down a rebellion. As a reward, he first became governor and then later ‘Rajah’ of Sarawak in northwest Borneo expanding the territory under his control. In 1846 the island of Labuan was ceded to the British and a year later a treaty of friendship and commerce was signed between Brunei and Britain in which the Sultan agreed not to cede any more territory to any power, except with the consent of the British government. Later on, the British North Borneo Company expanded its control over territory in northeast Borneo. In 1847, the...

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