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Slide 42: Ecologically Sustainable and Economically Productive Natural Resources Management for Improving People’s Welfare in Indonesia

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There are three current and future challenges in managing natural resources. Firstly, the resources are expected to drive economic growth. However, in more cases, resources rich countries are unable to improve their economy. This phenomenon is known as ‘the resource curse’ (Stiglitz, 2006). Secondly, in almost all cases, exploitation of natural resources to some degree has created environmental degradations. Thirdly, it is ironic that despite intensive exploitation of natural resources in their area, livelihood of local communities in most cases has not been improved …

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