It can be fascinating to talk about the matter of the West Papua economy these days. Without a doubt, the thing about the economy is a pivotal one in any place. With strong economic growth, an area can improve many things. Of course, it is one thing that the people of West Papua want. Nevertheless, it seems like this matter is not an easy kind of thing. Albeit that matters, there is a huge chance for this province in Indonesia to thrive in the future. There are many reasons for that.
What Things to Expect in West Papua?
It is a must to look further into the things that move the economy in this region. Without a doubt, the West Papua tourism business is among the factors in that field. The area has a pristine natural condition that leads to many beautiful places. The tourism industry must be that way. It is easy to grow the tourism of West Papua further with the right policies and management. Take a look at Bali as an example. The paradise island of Indonesia relies strongly on tourism to grow.
Today, there are not many people who do not know about Bali. It is easy to assume that Bali is in the right hands in dealing with the tourism business there. This particular thing can happen in West Papua as well. The tourism of the province is among the fundamental aspects of the commodity of West Papua. It is a shame to let it slide without any attempt to maximize the outcome of that. More importantly, the locals will enjoy the positive effects of growing the tourism business right there.
The famous Raja Ampat islands can be enough to attract many people to visit the place. Yet, the islands may only be a small part of the entire region. There can be many more similar places to explore and publish globally. With that in mind, it can be easy to attract international investors. They can make their investment in West Papua to boost the growth of the area. It is easy for the surrounding areas of popular tourist destinations to grow simultaneously.
Of course, it is crucial to understand the fact that West Papua is a part of Indonesia. The government may have its role in either let that happen or preventing it. As of today, the chance for West Papua small business to grow around tourism is there. The local governments may have their attempts already in optimizing this matter. So, it is only a matter of time that the tourism industry of West Papua will be bigger than today. Hopefully, it does not take too long to happen in the future.
When it comes to the West Papua economy, it is easy to shift from tourism matter to the business of gold. It is not a new thing to know that gold is one of the things to find in the area. There is a big chance there to enrich the locals. They may need a lot of support at first to manage that resource. Nevertheless, it is possible for the locals to eventually harvest the outcome of the gold business in West Papua. Moreover, there is the name Freeport to associate the gold reserve in the area.
The gold in the area is known as the world’s largest until today. Of course, this West Papua commodity is waiting for anyone to turn it into money. Why bother thinking about other ways if the gold in the area is a lot? It is reasonable to say that West Papua has two big things to expect as the fuel for its economic growth. So far, it is like fruits on the tree waiting to ripe. Once the fruits are ready to harvest, it is unquestionable that the economic situation will be better than before.
What about Other Things?
West Papua economic condition is not the same as in any other part of Indonesia. One of the defining factors there is the physical condition of the area. In comparison to Java, there are many undeveloped places in West Papua. Of course, it affects the available opportunities to make a fortune there. Many of the areas remain in pristine condition. Therefore, it can be years until the place is ready for further development. In the end, it suppresses the chance of economic growth within the province.
Without a doubt, it is easy to see trading in West Papua. Trading itself is among the simplest forms of economic activity. The locals trade with others to exchange their commodities. Even trading can be as simple as exchanging goods. On a small scale, it is enough to keep the economy going in a positive state. It may not be enough on a larger scale. It is necessary to stimulate more areas to enhance the West Papua market in general. A better agricultural market means a better economy.
Expecting a Better Future
The future of West Papua business can be a lot better than today. Many provinces in Indonesia have succeeded in thriving in terms of economic growth. The government needs to find the perfect formula to apply it in West Papua. The region of Borneo is similar to West Papua in terms of its physical state. Nevertheless, the area is way better than before already. It takes years indeed for Borneo to be as it is today. So, it will most likely happen to West Papua as well later on.
There are not many things to know about the economy in West Papua. Nevertheless, it is a top-notch idea to always think of ways to get better. The stabilization of circumstances in the area is pivotal in improving the economy. Without a doubt, the government of Indonesia needs to focus more on this rich region immediately. Inviting more people from other provinces is an example of things to do. It helps the locals to pave their path for a better West Papua economy. Agriculture can be an alternative.
