Courses : Intermediate Macroeconomics Lecturer : Frischa Adellia Semester : 4th Semester, 2022/2023 Sesion Natural Resources in Economic Growth Natural resources are all types of raw materials that can be found in nature, such as minerals, forests, land, water, and energy sources such as petroleum, natural gas, and coal. Natural resources play an important role in economic growth, because they are raw materials for the production of goods and services, as well as being a source of income for the country through the export sector. In economic growth, good management of natural resources will provide great benefits for society, such as increased production, increased employment, and increased income. However, poor management of natural resources can result in environmental degradation, loss of habitat, and a decrease in the quality of life for people. Therefore, the management of natural resources in economic growth must be carried out wisely and sustainably, namely by considering economic, social and environmental aspects. This can be done through regulation of efficient use of natural resources, strict control over the use of natural resources, and development of environmentally friendly technologies in managing natural resources. Some of the characteristics and characteristics of natural resources in economic growth include: 1. Availability and accessibility: Natural resources must be available in sufficient quantities and can be easily accessed by the community or companies to meet the needs for the production of goods and services. 2. Quality: The quality of natural resources is also important to ensure quality and environmentally friendly production results. 3. Scarcity: Some natural resources may be scarce and difficult to find, so care must be taken to ensure their availability in the future. 4. Price: The changing price of natural resources can affect the price of the product produced and also affect market demand. 5. Environmental influences: The management of natural resources can impact the environment, both positively and negatively. Therefore, management must consider environmental impacts and ecosystem balance. 6. Linkages with other economic sectors: Natural resources can drive other economic sectors such as agriculture, fisheries and animal husbandry. Conversely, other economic sectors also influence natural resource management. Wise and sustainable management of natural resources will provide long-term benefits for economic growth and the environment. Meanwhile, unwise management can result in environmental damage, drought, floods, and ecosystem damage. Therefore, natural resource management must be carried out carefully and sustainably in order to provide optimal benefits for economic growth and the environment. Utilization of natural resources in economic growth can be done in several ways, including: 1. Extraction: Natural resources can be extracted or mined for use in various industries such as agriculture, mining and manufacturing. 2. Energy utilization: Natural resources such as oil, natural gas and coal can be utilized as an energy source to produce electricity and fuel for vehicles. 3. Processing: Certain types of natural resources such as wood, grain, and ore can be processed into products such as paper, bread, and metals. 4. Tourism: Beautiful natural resources such as national parks and beaches can be utilized for the tourism industry which generates income for the local economy. 5. Conservation: Some natural resources such as water and soil must be conserved so that they can be used sustainably. 6. Technological development: Technological development can help maximize the utilization of natural resources and also help reduce the environmental impact of their use. In the management of natural resources, it is also necessary to consider environmental and social factors. Extraction or processing of natural resources can have negative impacts on the environment such as water and air pollution, forest destruction, and loss of wildlife habitat. Therefore, the management of natural resources must be carried out by taking into account environmental impacts and carrying out mitigation measures when necessary. In addition, the management of natural resources must also pay attention to social impacts such as the rights of local communities and poverty. Management of natural resources must also pay attention to the balance between the use of natural resources for economic interests by maintaining the sustainability and balance of the ecosystem. This can be achieved by adopting a sustainable approach to managing natural resources, such as using environmentally friendly technologies and using organic farming methods. Basically, natural resources are one of the most important factors of production in economic growth. Good and sustainable management of natural resources can provide longterm sustainable economic benefits for society and the environment, while poor management can have a detrimental impact on the economy and the environment. Therefore, management of natural resources must be carried out wisely and sustainably.