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
What’s New in Ubud?
Renewed Alaya Resort Ubud and Manisan Restaurant Now Open for Business
(9/25/2016)
Return to Sender
Singaporean Arrested Trying to Smuggle Drugs Through Bali’s Postal System
(9/25/2016)
Why the Chicken Crossed the Ring
Chicken in Cock Flight Sends Balinese Owner to Intensive Care with a Cut Artery
(9/25/2016)
Bali Beach Head in the Fight Against Polluted Oceans
2,500 Volunteers Join Coastal Clean Up of Bali Beached Organized by Bali Hotel Association
(9/25/2016)
A Lack of Chinese Characters
Bali Legislator Wants Punishment Imposed on Chinese Scuba Divers Who Deface Coral Reefs
(9/25/2016)
Bali Struggles with LGBT Travel Continues
Some Elements in Bali Take Strong Umbrage at Reports of Gay Pre-Wedding Photos Taken in Bali
(9/25/2016)
More Capacity Between Bali & Lombok?
Garuda Eyes Adding Seat Capacity Between Bali and Lombok
(9/25/2016)
Bali Beach Body Contact
Sheraton Bali Kuta Resorts Hosts Bali Beach Body Combat on Sunday, November 6, 2016, to Help UNICEF
(9/25/2016)
Bali and Beyond to Maumere
Garuda Indonesia Flies Four Times a Week Bali to Maumere, Flores
(9/25/2016)
In a Spanish Mood
Spanish-based Indonesian Pianist Ananda Sukarlan to Speak and Debut New Compositions at Ubud Writers and Readers Festival
(9/25/2016)
Feeling Ill? Call the ‘Boogie Man’
Bali Airport Provides Mini-Ambulance to Reduce Response Time in Case of a Medical Emergency
(9/25/2016)
Feeling for a Motherless Child
Moved by News Reports of a Motherless Child, Bali Governor Reaches Out to Help the Baby and its Single-Father
(9/25/2016)
All [News]!