Small States Hailed For Quick Adaptability To Change

Bandar Seri Begawan – 'Small states' have experienced drawbacks associated with domestic market, geographical areas as well as political and economic influence.

Dato Haji Abdul Wahab bin Juned, the Permanent Secretary at the Prime Ministers Office, made these remarks at the closing ceremony of the International Conference on Contemporary Issues in Economic Development of Small States yesterday.

Despite these drawbacks, he said, small states have been proven to be more strategic in their ability to adapt quickly to change in conditions and adopt new requirements.

The Permanent Secretary also said that small states with high 'state capacity' appear to manage risks and opportunities in ways that yield higher rates of growth and achieve higher levels of global integration.

Dato Paduka Haji Abdul Wahab presented certificates to guest speakers and participants of the two-day conference, which was organised by University Brunei Darussalam.

A total of 16 papers were presented by local and foreign speakers, concerning current trends, challenges, opportunities for economic development of small states in general and of Brunei Darussalam in particular. -- Courtesy of Radio Television Brunei

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