Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Bali Needs a Diversified Economy
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Bali Needs a Diversified Economy

Local Economists Call for Bali to Become Less Economically Dependent on Tourism.


Bali News:
Click Image to Enlarge

(7/19/2008)

Bali needs to develop productive sectors of its economy outside of tourism in order to prepare for an increasing uncertain world situation in the future. A failure to meet this challenge or a delay in developing Bali's local economy may have the undesired effect of increasing rates of poverty and human suffering on the island.

This dire warning was sounded by the Vice-Chairman of the Indonesian Association of Young Entrepreneurs (HIPMI), Gde Wirajaya Wisna on Friday, July 11, 2008, when he considered the prediction of the Institute for Development of Economics and Finance (INDEF) that the growth of the national economy is stuck at 5.8% against a targeted 6.3% rate of growth.

Covered in the Bali Post, the Balinese economist Wirajaya Misna warned that the island's well-being was at risk due to an overdependence on tourism. He admonished that over-reliance on the service sector will prove costly for Bali if untoward future events come to pass. Because of this, Bali must take urgent steps to develop non-tourism sectors of its economy in order to help the Balinese weather any economic storm and upheaval ahead.

Misna said that sooner or later, national and global economic conditions would be felt in Bali. This is especially the case since much of Bali's economic policy is dictated by decisions made in Jakarta.

The German educated economist called for the development of agriculture, fishing and other sectors of Bali's economy on an urgent basis. The experience of the Bali's recent bombing demonstrates the dangers of over-dependence on tourism as the main pillar of the island's economy. A failure to diversify the local economy now can spell poverty ahead if another crisis befalls the people of Bali.

With wages more or less frozen in Bali at the moment, Misna said, the people's economic condition is on a steady decline as the price of basic commodities increase. A failure to actualize the productive sectors of the economy will leave the Balinese as the victims of their own consumerism.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Time to Sign Up for Bali Triathlon
Registrations at Record Levels for 10th Herbalife Bali International Triathlon
(6/18/2017)
Balinese Culinary Experience at The Ayodya Resort Bali
Balinese Culinary Experience at Ayodya Resort Bali Thru July 18, 2017
(6/19/2017)
4th Bali & Beyond Travel Fair
Minister of Tourism Thinks Bali & Beyond Travel Fair Missing Out on Competition
(6/18/2017)
Go Fly A Kite
New Rules for Sanur Kite Festival July 22-23, 2017
(6/18/2017)
Good for What Ails Indonesia
Bali Doctors Speak Up for the Revitalization of National Unity
(6/18/2017)
Bali Via its Back Door
Banyuwangi: Faster Air Access to West and Northwest Bali
(6/18/2017)
An End to Festivities
Inaugural Gianyar Youth Festival 2017 Suddenly Closed and Cancelled by Police on June 17, 2017
(6/18/2017)
Not Home for the Holidays
8 Die When Small Tourist Bus Traveling from Bali to Gilamunuk Collides with Large Truck
(6/18/2017)
Bali, Inc.?
Tourism Ministry Promotes Bali’s ITDC as a Regional Center for Trade and Finance
(6/18/2017)
Japan Airlines Makes Cautious Return to Bali
After Almost 7 Years Absence, Japan Returns to Bali Temporarily with 3 Charter Flights
(6/18/2017)
Weak Enforcement in the Face of Illegal Money Changers
At least 150 Illegal Money Changers Still Operating in Bali as they Ignore Police Raids and Business Closures
(6/18/2017)
Bali Hai II Refit
Bali Hai II Undergoing Major Refit and Docking October 12 - December 22, 2017 – Replacement Cruises Announced
(6/18/2017)
All [News]!