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Natural resource governance and strategic economic resources: The perspective of Indonesia Raya Incorporated

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  • Roderikus Agus Trihatmoko

    (Universitas Surakarta)

  • Yuvensius Sri Susilo

    (Universitas Atma Jaya Yogyakarta)

Abstract

The study aims to identify and describe the theory of economic development according to the thinking of Indonesia Raya Incorporated (IRI) in managing the interest of natural resources included in strategic economic resources. This study used a qualitative method through a grounded theory approach with constructivism and criticism as the interpretation approach. The data collected through the Focus Group Discussion (FGD) technique was processed using a componential analysis approach. The study results reveal the content of the main variables of economic development, namely the role and function of the government and state enterprises, namely State-Owned Enterprises (SOEs) and Regional-Owned Enterprises (ROEs), related to the potential of managing natural resources and other strategic economic resources which are determinants of the economic strata of population or for improving the welfare of the people. These novel findings highlights the significance of natural resource governance and strategic economy, namely the IRI’s perspective on economic development. The theory and conception contribute to deepening knowledge previously proposed in IRI and Murakabi economics. So, this knowledge has implications for natural resources management practices by the government and corporate strategies within the body of SOEs and ROEs in Indonesia and the global world. This includes the possibility of strategies for national and multinational private companies whose main business positions are based on natural resources and strategic economics.

Suggested Citation

  • Roderikus Agus Trihatmoko & Yuvensius Sri Susilo, 2024. "Natural resource governance and strategic economic resources: The perspective of Indonesia Raya Incorporated," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    • Handle: RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-02772-5
    DOI: 10.1057/s41599-024-02772-5
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    References listed on IDEAS

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    1. Saransh Royal & Namarta Kaushik & Ramesh Chander & Nirmala Chaudhary, 2023. "A Nexus between Sustainability, Openness, Development, and Urbanization: Panel Data Evidence from QUAD Nations," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 178-196.
    2. A.C. Furqan & M.I. Abdullah & M. Iqbal & R. Masdar, 2018. "The Role of Corporate Governance on the Effect of State Ownership on Audit Findings at State-Owned Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 218-229.
    3. Aysan, Ahmet Faruk & Bakkar, Yassine & Ul-Durar, Shajara & Kayani, Umar Nawaz, 2023. "Natural resources governance and conflicts: Retrospective analysis," Resources Policy, Elsevier, vol. 85(PA).
    4. Lim, King Yoong & Morris, Diego, 2022. "Thresholds in natural resource rents and state owned enterprise profitability: Cross country evidence," Energy Economics, Elsevier, vol. 106(C).
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