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100 1 _aDutu, Richard.
_99666
245 1 0 _aMaking the Most of Natural Resources in Indonesia
_h[electronic resource] /
_cRichard Dutu = Exploiter au mieux les ressources naturelles en Indonésie / Richard Dutu
246 3 1 _aExploiter au mieux les ressources naturelles en Indonésie
260 _aParis :
_bOECD Publishing,
_c2015.
300 _a43 p. ;
_c21 x 29.7cm.
490 1 _aOECD Economics Department Working Papers,
_x18151973 ;
_vno.1236
520 3 _aIndonesia abounds with natural resources. But the unique nature of its geography, coupled with the lack of transport infrastructure, makes their exploitation challenging. Moreover, a lack of investment, protectionism and an unwieldy regulatory environment are all inhibiting the sector from reaching its full potential. Agriculture has been held back by low productivity, under-investment, unclear property rights on land, ill-advised trade regulations, misplaced support for staples and restrictions on foreign ownership. By pursuing crop diversification, encouraging co-operation between smallholders and large estates and easing constraints on foreign investment, Indonesia could raise its farmers' productivity. Fossil fuels have become central to Indonesia's energy policy and its main source of export revenues. Growing environmental concerns, both domestically and internationally, combined with subsiding coal prices and the on-going shale gas revolution, call into question the sustainability of such a strategy. Indonesia should increase its energy efficiency and further develop gas to plug the gap until sufficient renewable energy, especially geothermal, comes on line. Government control over the oil industry via state-owned Pertamina should be gradually reduced. Clarifying, streamlining and publicising simple regulations in energy and minerals, especially regarding land rights and on-shore processing, and removing foreign-ownership restrictions will help bring much needed investment. The pressure on the environment that natural resource exploitation is creating should be addressed by increasing the share of gas and renewables in the energy mix, properly defining property rights and regulations regarding forest land, and implementing a positive implicit carbon price. More resources should be devoted to combating widespread illegal mining and deforestation. This Working Paper relates to the 2015 OECD Economic Survey of Indonesia (www.oecd.org/eco/surveys/economic-survey-indonesia.htm)
650 4 _aEconomics
651 4 _aIndonesia
_92967
830 0 _aOECD Economics Department Working Papers,
_x18151973 ;
_vno.1236.
856 4 0 _aoecd-ilibrary.org
_uhttps://s443-doi-org.br.lsproxy.net/10.1787/5js0cqqk42ls-en
942 _2ddc
_cW-PAPER
999 _c363372
_d321934