The West Papua economic condition constantly grows because of many elements. It is easy to see the differences from many years ago to today. The general situation of the region itself is way better than before. Nevertheless, there are still many possibilities for the area to get even better. It holds numerous potentials to be a better province in general. Of course, it is not a thing to happen overnight. It requires years of effort and consistency from everyone to improve the overall economy of the area.
West Papua is Rich in Gold Resources
It is without a doubt that the land of West Papua holds limitless resources. All of them are enough to make the West Papua economy better than ever. Nevertheless, it is not the case so far. It is undeniable that this matter is an international affair. It involves many parties, including Indonesia and many other parties that affect the outcome of the economy in it. To It gets more complicated years by years. Nevertheless, it does not mean that there is no chance for the province to improve.
It is not a secret that West Papua has the largest deposit of gold in the world today. Therefore, it is enough to alter the course of the West Papua economic condition. If the locals know how to manage the natural gold in the region, they will find it excessively enough. It helps to optimize the potentials of the province in many ways. So far, it is not going that way. The struggle to overcome boundaries in managing the resource itself is affecting the progress.
Some Alternatives to a Better Economy
Nevertheless, the locals do not run out of ideas and strategies to grow their economy. West Papua has three countries in its pocket as its export markets. There are numerous natural resources and processed items to sell to those countries. China, Japan, and South Korea are the markets for commodities from West Papua. Of course, a regular interval of exporting goods from the region is beneficial for the West Papua economic condition. There is room for improvement there.
Think about the fact if the locals can process the natural resources for the export markets. Finished products will be worth more money than raw materials. So far, the majority of the export goods from West Papua are unprocessed. It is among the reasons that slow down the economic growth within the region. The possible solution is to educate the locals to create various items from the resources. With that in mind, they can expect more money from their products.
Aside from those matters, the tourism industry is another noticeable factor to the West Papua economic condition. The land of West Papua offers many natural spots for everyone to explore. It is questionable to think about the popularity of Raja Ampat unable to boosts the economy. There may be many more places in the area to promote to international audiences. It is a clever idea to attract visitors and investors and their money to West Papua for the right reasons.
So far, the West Papua economic condition is okay. It can be better in many ways. There are many chances to improve the situation on that matter. Of course, it is not just about the locals on this. Things that others do concerning the economic activity there will affect the overall situation. It is best to have another region as an example for West Papua. Bali is an example of a place that grows a decent economy. Moreover, it has its similarity to West Papua in terms of its tourism aspect.
