Indonesia Embraces Resource Nationalism

A Game-Changer for Economic Progress

Indonesia, a country renowned for its abundance of natural resources, has adopted a daring strategy for economic development: resource nationalism.

Indonesia is embarking on a resource nationalism journey to maximize domestic benefits from its abundant natural resources, foster sustainable development, and address historical disparities.

Resource nationalism involves governments seeking greater control over their resources to ensure that profits primarily benefit their citizens, aiming to enhance economic gains for the country's development.

In Indonesia, this shift is deeply rooted in historical grievances. Many Indonesians believe that their nation hasn't adequately benefited from its natural wealth.

Historically, foreign companies, often in collaboration with the local elite, have dominated resource extraction, leaving limited benefits for the local population. Resource nationalism is a response to this imbalance, aiming to ensure a more equitable distribution of profits within the country.