Part 6/8:
Looking ahead, the government is optimistic about accessing its oil reserves, anticipating a much-needed influx of revenue in the coming years. However, there is growing caution against repeating past mistakes; increased oil revenues may not necessarily lead to economic welfare due to the risk of "Dutch disease." This phenomenon illustrates how overreliance on one economic sector leads to the decline of others.
To navigate this challenge, Seram aims to diversify its economy. By bolstering the private sector, investing in education, and creating job opportunities in various industries, the government is taking intentional steps to mitigate the risks associated with Dutch disease.