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	<title>BasimMousilli.com &#187; economy</title>
	<atom:link href="http://www.basimmousilli.com/tag/economy/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.basimmousilli.com</link>
	<description>●●● Blog, Pictures, Resumé &#124; My Digital Playground</description>
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		<title>The World Is Flat: great book about globalization, business, technology</title>
		<link>http://www.basimmousilli.com/2010/12/the-world-is-flat-great-book-about-globalization-business-technology/</link>
		<comments>http://www.basimmousilli.com/2010/12/the-world-is-flat-great-book-about-globalization-business-technology/#comments</comments>
		<pubDate>Fri, 24 Dec 2010 08:11:25 +0000</pubDate>
		<dc:creator>Basim Mousilli</dc:creator>
				<category><![CDATA[Consumer Reviews]]></category>
		<category><![CDATA[book review]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[globalization]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">http://www.basimmousilli.com/?p=2256</guid>
		<description><![CDATA[I just finished reading this great book and wanted to recommend it to you. It has helped me understand the new forces of the modern global economy. This is must-read for anyone working in a global domain and anyone who wants to give gives a good heads-up to their children on what to expect in [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.basimmousilli.com/files/blog/2010/12/The-world-is-flat.jpg" rel="lightbox[2256]" title="The world is flat"><img src="http://www.basimmousilli.com/files/blog/2010/12/The-world-is-flat-177x118.jpg" alt="" title="The world is flat" width="177" height="118" class="alignleft size-thumbnail wp-image-2404" /></a>I just finished reading this great book and wanted to recommend it to you. It has helped me understand the new forces of the modern global <a href="http://www.basimmousilli.com/tag/economy/" class="st_tag internal_tag" rel="tag" title="Posts tagged with economy">economy</a>. This is must-read<span id="more-2256"></span> for anyone working in a global domain and anyone who wants to give gives a good heads-up to their children on what to expect in the future of today&#8217;s growing global marketplace.</p>
<p><a href="http://en.wikipedia.org/wiki/The_World_Is_Flat">Wikipedia entry</a></p>
<p><a href="http://www.amazon.com/World-Flat-History-Twenty-first-Century/dp/0374292884">Buy it on Amazon</a></p>
<p>I thought the book was a bit outdated in some of its references. The world has progressed so much further whereas the book addresses some things as &#8220;future possibilities.&#8221; But still a great read.</p>
<p>Have you read this book? Let me know what you think of it.</p>
<p>My rating:<br />
4 out of 5 stars</p>
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		<title>Sultan of Brunei visits us at BSP</title>
		<link>http://www.basimmousilli.com/2009/10/sultan-of-brunei-visits-us-at-bsp/</link>
		<comments>http://www.basimmousilli.com/2009/10/sultan-of-brunei-visits-us-at-bsp/#comments</comments>
		<pubDate>Sat, 03 Oct 2009 04:59:31 +0000</pubDate>
		<dc:creator>Basim Mousilli</dc:creator>
				<category><![CDATA[Life in Brunei]]></category>
		<category><![CDATA[Brunei]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[high-class]]></category>
		<category><![CDATA[Islam]]></category>
		<category><![CDATA[VIP]]></category>

		<guid isPermaLink="false">http://www.basimmousilli.com/?p=792</guid>
		<description><![CDATA[Behind the driver&#8217;s wheel of his ML55 Benz and flying pilot in his helicopter, the Sultan himself of Brunei Darussalam descended upon us right here at Brunei Shell Petroleum&#8217;s headquarters in Seria, Brunei 2 days ago. The once richest man in the world, Sultan Hajji Hassanal Bolkiah, was joined by Shell CEO Peter Voser to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.basimmousilli.com/files/blog/2009/10/Sultan-Waving.jpg" rel="lightbox[792]" title="Sultan Waving"><img title="Sultan Waving" src="http://www.basimmousilli.com/files/blog/2009/10/Sultan-Waving-177x118.jpg" alt="Sultan Waving" width="177" height="118" align="left" /></a>Behind the driver&#8217;s wheel of his ML55 Benz and flying pilot in his helicopter, the Sultan himself of <a href="http://www.basimmousilli.com/tag/brunei/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Brunei">Brunei</a> Darussalam descended upon us right here at <a href="http://www.basimmousilli.com/tag/brunei/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Brunei">Brunei</a> Shell Petroleum&#8217;s<span id="more-792"></span> headquarters in <a href="http://www.basimmousilli.com/tag/seria/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Seria">Seria</a>, Brunei 2 days ago. The once richest man in the world, Sultan Hajji Hassanal Bolkiah, was joined by Shell CEO Peter Voser to celebrate BSP&#8217;s 80th anniversary in operation.</p>
<p>And they were parading right down the area where I&#8217;m working! That says a lot. BSP is at the center of the universe with regards to applied oil and gas information <a href="http://www.basimmousilli.com/tag/technology/" class="st_tag internal_tag" rel="tag" title="Posts tagged with technology">technology</a>. After all, BSP received the Shell <a href="http://www.basimmousilli.com/tag/technology/" class="st_tag internal_tag" rel="tag" title="Posts tagged with technology">technology</a> partner of the year award and it has proved to be a successful grounds for digital oilfield world 1sts due to the Sultan&#8217;s funding, <a href="http://www.basimmousilli.com/tag/technology/" class="st_tag internal_tag" rel="tag" title="Posts tagged with technology">technology</a> uptake, and because of people&#8217;s willingness to take innovative risks to drive business improvement.</p>
<p><a href="http://www.basimmousilli.com/files/blog/2009/10/Flag-of-Brunei.jpg" rel="lightbox[792]" title="Flag of Brunei"><img title="Flag of Brunei" src="http://www.basimmousilli.com/files/blog/2009/10/Flag-of-Brunei-177x118.jpg" alt="Flag of Brunei" width="177" height="118" align="right" /></a>Followed by a couple of keynote speeches televised by Radio Television Brunei, the sultan graced the halls as his hands landed on the lips of thousands of employees greeting him with utmost humility. I shook the hand of royalty and that was a nice moment for me. The sultan&#8217;s physique reflects peak fitness for a man in his sixties. It was striking in beauty to see a successful empire built on the principles of <a href="http://www.basimmousilli.com/tag/islam/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Islam">Islam</a>, led by Muslims from the very top to the working class. I&#8217;m really glad to be a part of such a movement.</p>
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		<title>What&#8217;s Brunei like?</title>
		<link>http://www.basimmousilli.com/2009/08/whats-brunei-like/</link>
		<comments>http://www.basimmousilli.com/2009/08/whats-brunei-like/#comments</comments>
		<pubDate>Tue, 18 Aug 2009 10:28:14 +0000</pubDate>
		<dc:creator>Basim Mousilli</dc:creator>
				<category><![CDATA[Life in Brunei]]></category>
		<category><![CDATA[Brunei]]></category>
		<category><![CDATA[culture focus]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Islam]]></category>
		<category><![CDATA[Seria]]></category>
		<category><![CDATA[simplicity in life]]></category>

		<guid isPermaLink="false">http://www.basimmousilli.com/?p=415</guid>
		<description><![CDATA[So what&#8217;s Brunei like? Well, I&#8217;ll tell you about Seria, Brunei Darussalam. For me, it&#8217;s a quiet oil town where I&#8217;ve moved to recently for work; one of the most peaceful, secluded, independent, weird, most boring place on earth. But with the right mentality, it could mean heaven for you. Not enough web cred/exposure has [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.basimmousilli.com/files/blog/2009/08/Brunei-masjid.jpg" rel="lightbox[415]" title="Brunei masjid"><img class="alignleft size-thumbnail wp-image-2383" title="Brunei masjid" src="http://www.basimmousilli.com/files/blog/2009/08/Brunei-masjid-177x118.jpg" alt="" width="177" height="118" /></a>So what&#8217;s <a href="http://www.basimmousilli.com/tag/brunei/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Brunei">Brunei</a> like? Well, I&#8217;ll tell you about <a href="http://www.basimmousilli.com/tag/seria/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Seria">Seria</a>, Brunei Darussalam. For me, it&#8217;s a quiet oil town where I&#8217;ve moved to recently for work; one of the most peaceful<span id="more-415"></span>, secluded, independent, weird, most boring place on earth. But with the right mentality, it could mean heaven for you.</p>
<p>Not enough web cred/exposure has been given to this little piece of earth so I&#8217;m going to spoil it for you. Actually, when I was moving to Brunei I searched Google, Facebook, Flickr, Youtube, and people&#8217;s blogs to get the scoop. I got <em>noth</em>. Nothing more than a miser few images of the big golden <em>masjid</em>.</p>
<p>The only thing the world knows about Brunei is from some over-popularized documentary by <a href="http://www.nationalgeographic.com">National Geographic</a> on the sultan&#8217;s riches and opulent taste in gold and oil. Zero intel on the web other than that. What a great way to keep people away, ministry of tourism. They have however done a good job keeping people wildly enthused by the myth that the Sultan is the richest man in the world and that everyone here is filthy rich. Well, it&#8217;s all relatively true but not exactly.</p>
<p>Where I live, on the quiet Western side of the microscopic country in the District of Belait, you can spend frankly a year here like I did and never hear anything about Obama, the <a href="http://www.basimmousilli.com/tag/middle-east/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Middle East">Middle East</a>, or MTV. Completely removed. Suspended in motion. One hundred percent peace and the closest ever conservative social utopia. Politically, geographically, religiously, militarily, socially, and economically amputated from the rest of the world. For all intensive purposes, Brunei is like a small neighborhood within greater Malaysia on the Borneo Island, which is the third largest island in the world.</p>
<p><a href="http://www.basimmousilli.com/files/blog/2009/08/Flag-of-Brunei.gif" rel="lightbox[415]" title="Flag of Brunei"><img title="Flag of Brunei" src="http://www.basimmousilli.com/files/blog/2009/08/Flag-of-Brunei-Small.gif" alt="Flag of Brunei" width="150" height="75" align="right" /></a>Brunei is rich, yes, but that&#8217;s purely relative to its economic scale and its local GDP. Brunei has a population of a handful 380,000 and the wealth can be spread  thickly across this small nation. The infrastructure is simple and easier to manage and the people enjoy luxuries that neighboring countries like Malaysia and Philippines do not, such as maids and grants from the government. Can you believe, once a married couple spend eight years together they are given a house by the Sultan? I asked and the equivalent is about a 3 bedroom house worth roughly $150,000USD. Not bad, American <a href="http://www.basimmousilli.com/tag/economy/" class="st_tag internal_tag" rel="tag" title="Posts tagged with economy">economy</a>.</p>
<p>Altogether the cost of living is a small hike more expensive than Malaysia and the cost of groceries and clothes takes the biggest bites. Singapore is still a lot more pristine and expensive. This economic gap in a small area combined with an expat community creates an economic bubble very strong for price-fixing/gouging where renting a house can easily cost you near $2,000 a month. Ouch! That&#8217;s what you get for not getting married and bringing your 3 kids here.</p>
<p>And that&#8217;s your secret to happiness here because this safe and green-laden rainforest land is made for families, or so I hear. Ok, let&#8217;s talk about the social elements of life here. It seems there is zero western influence here so no bars, no clubs, no chain fast food stores, and no malls save a few multi-story bazaar shops. You open a travel guidebook and it suggests you check out the wet market. So now you get my point. Really not much to do except visit the world-acclaimed 7-star resort in Bandar (The Empire) or trek the jungles and rainforests with consist of 75% of the country&#8217;s real estate.</p>
<p>I live on the beach of the South China Sea. It&#8217;s beautiful for sunsets but nothing more as its trodden with Jellyfish, crabs, sand-flies, oil tankers, and it altogether possesses some eerie qualities not too appealing to swim in. But hey it&#8217;s a beach and just sitting at the peace watching the sky do amazing colors at sunset and hearing the crashing waves still does it for me. Now for me working here I have come to enjoy the expat lifestyle going to the social/recreation club and taking up sports I never tried more than casually before, including soccer and boxing.</p>
<p>For entrepreneurs, the virgin economy is ripe for business venture in even simple service markets. And you can make a killing here if you set up shop.</p>
<p>Brunei is not a good place to visit for tourists at all. Don&#8217;t come by choice. But living here can be quite pleasing if you have a position here at an oil company. Actually, the lack of social structure here can be very peaceful for certain personality types and can harness some great creativity for maybe an author writing a book, a freedom seeker looking for asylum, or a thief looking for sanctuary where people wouldn&#8217;t bother looking for you or envy you for anything at all. Though infinitely boring, in Brunei I have found true peace and a people void of misconduct and bad intentions. Much like Oman, Brunei is in a world of its own.</p>
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		<item>
		<title>The Hype and Energy in Dubai</title>
		<link>http://www.basimmousilli.com/2007/05/dubai/</link>
		<comments>http://www.basimmousilli.com/2007/05/dubai/#comments</comments>
		<pubDate>Fri, 18 May 2007 07:14:41 +0000</pubDate>
		<dc:creator>Basim Mousilli</dc:creator>
				<category><![CDATA[World Travels]]></category>
		<category><![CDATA[beaches]]></category>
		<category><![CDATA[culture focus]]></category>
		<category><![CDATA[desert]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[high-class]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[my photo gallery]]></category>

		<guid isPermaLink="false">http://basim.mousilli.com/blog/2007/05/18/dubai/</guid>
		<description><![CDATA[A week in Dubai &#8211; enough time to get away and recharge. You know, when I hear about Dubai I can&#8217;t help to just think about the uber unprecedented growth, the questionable sustainability, and a mysterious patch of the desert that became famous for nothing. It&#8217;s kind of annoying if you think about it. A [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.basimmousilli.com/files/blog/2007/05/Dubai-sands.jpg" rel="lightbox[96]" title="Dubai sands"><img class="alignleft size-thumbnail wp-image-2387" title="Dubai sands" src="http://www.basimmousilli.com/files/blog/2007/05/Dubai-sands-177x118.jpg" alt="" width="177" height="118" /></a><a href="http://www.basimmousilli.com/photos/west-marina-beach-souk-dubai/"><img class="mini-icon" src="http://www.basimmousilli.com/files/blog/2009/07/photos.gif" alt="" width="52" height="11" /></a>A week in Dubai &#8211; enough time to get away and recharge. You know, when I hear about Dubai I can&#8217;t help to just think about the uber unprecedented growth, the questionable<span id="more-96"></span> sustainability, and a mysterious patch of the <a href="http://www.basimmousilli.com/tag/desert/" class="st_tag internal_tag" rel="tag" title="Posts tagged with desert">desert</a> that became famous for nothing. It&#8217;s kind of annoying if you think about it. A big marketing scheme, no doubt. Oh, what the hell &#8211; let&#8217;s have fun!</p>
<p><img src="http://www.basimmousilli.com/files/blog/2008/03/hotel.gif" alt="" align="right" />My hotel room was not bad. I like the warm color scheme, medium tone wood floors, and hi-tech gadgets throughout, although I didn&#8217;t quite understand the curious mix of retro-psychadelic floor rugs and modern furniture. Anyways, the room service was nice and it was nice to be escorted to the lobby restroom.</p>
<p><img src="http://www.basimmousilli.com/files/blog/2008/03/shells.gif" alt="" align="left" />Dubai has done a marvelous job of attracting expats to live there. I mean, you have MacDonald&#8217;s there, Starbucks, T.G.I.F., Fuddrucker&#8217;s, Chili&#8217;s, IKEA, for god&#8217;s sake. Everything you could think of. Really pretty inviting, and with the masses of foreigners (i.e. non-Emiraties), you can feel at home while being away from home. That is, if you are into that kind of thing&#8230;</p>
<p><img src="http://www.basimmousilli.com/files/blog/2008/03/resort.gif" alt="" align="right" />I actually don&#8217;t like the fact that 90% of the population is non-native. It kind of lacks the culture effect. It&#8217;s a fun place, no doubt, but no place to really live and raise a family. Definitely an exciting place to venture business, take risks, and meet some new contacts. It&#8217;s the hype factor- it keeps on feeding itself. Meanwhile, traffic is ridiculous and you kind of have to live with that.</p>
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