Economy
Pearl farming is a major source of income for the island. The Aru pearl industry has been criticized in national media for allegedly maintaining exploitive debt structures that bind the local men who dive for pearls to outside boat owners and traders in an unequal relationship.
Other export products include sago, coconuts, tobacco, mother of pearl, trepang (an edible sea cucumber, which is dried and cured), tortoiseshell, and bird of paradise plumes.
In November 2011, the Government of Indonesia awarded two oil and gas production sharing contracts (PSC) about two hundred kilometres west of the Aru Islands to BP. The two adjacent offshore exploration PSCs, West Aru I and II, cover an area of about 16,400 square kilometres with water depths ranging from 200 metres and 2,500 metres. BP plans to acquire seismic data over the two blocks.
Read more about this topic: Aru Islands
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)