Sustainable Economic Sectors in Indonesia and Brunei Darussalam

Abstract

Indonesia and Brunei Darussalam have a significantly different economic structure where the Brunei Darussalam economy is very much dominated by oil and gas, whereas Indonesia is dominated by the manufacturing, trade, and agriculture sectors. This paper aims to identify the economic sectors that have the potential to achieve Sustainable Economic Growth (SEG) in both countries. Secondary data from several sources were processed using the multifactor evaluation process method. The results show that there are two economic sectors with equal potential in the two countries, namely, the Information and Communication Sector and the Business Activities Sector. The growth in these two sectors tends to increase; the addition of labor is greater than the increase in output, and they have a relatively limited environmental impact. However, this finding does not mean that other sectors cannot be sustained. On the contrary, they need regulations that will encourage a shift to an economic growth that cares about the environment and society, especially for crucial sectors such as agriculture as a food provider, and the manufacturing sector, which produces value added goods.