Economy
East Kalimantan's economy heavily depends on earth resources such as oilfield exploration, natural gas, as well as coal and gold mining. Balikpapan has an oil refinery plant that was built by Dutch governance before World War II, destroyed during World War II, and rebuilt by Indonesia Governance.
Other developing economic sectors includes agriculture and tourism. East Kalimantan has several tourist destination such as Derawan Islands in Berau Regency, Kayan Mentarang National Park ini Nunukan, Crocodile Husbandry in Balikpapan, deer husbandry in Penajam, Dayak's (native Kalimantan people) Pampang Village in Samarinda and many others.
Among the many obstacles to developing economic growth is lack of transportation infrastructure. Transportation depends on traditional boats connecting coastal cities and areas along main river,
It is ironic that despite the logging, the coal, the hydro-electric capacity of the mighty Mahakam and the nearby oil refineries, Samarinda has more and more prolonged power-cuts than any other place I have known. Some locals claim that the power is sold off and is too precious for the inhabitants!
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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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)