MANAGEMENT OF REGIONAL ECONOMIC DEVELOPMENT

ABSTRACT: Indonesia  is  a  country  having  the  areas  with  the  availability  of  abundant  natural resources. However, those abundant resources do  not have an optimal and sufficient added value yet for the economic welfare of the people living in those areas. This is caused by the fact that the human resources we have are not able to manage the available natural and capital resources yet. To take the advantage of and to exploit the available economic resources, management of regional economic development should be done effectively and efficiently. The various aspects that must be maintained and developed to  manage the  regional  economic  development, among  others,  are:  (1)  the  regional potentials that can be developed and growth optimally; (2) creating regional competition power  through  the  regional  outstanding  commodities;  (3)  the  regional  development budget must be allocated properly; (4) creating both top-down and bottom-up regional development  system; (5)  managing the  resources  effectively; and  (6)  developing  the supporting infrastructure. By exploiting those aspects, it is expected that the regional economy can continuously be strengthened, the social welfare can be increased and, at last, the successful Indonesian economy can be created integratedly.
Key words: Management,  development,  regional  economy,  social-economic welfare, economic success
Author: Muhardi and Lies Setiasih Hadi
Journal Code: jpmanajemengg070015

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