Eurasia: Economics & Business (Jul 2022)

BALI'S ECONOMIC TRANSFORMATION BASED ON A SUSTAINABLE AGRICULTURAL SECTOR

  • Maharani D.P.P.,
  • Yasa I N.M.

Journal volume & issue
Vol. 61, no. 7
pp. 10 – 18

Abstract

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Economic development has the primary goal of increasing sustainable economic growth. Changes in the growth rate in business sectors that contribute to economic growth may occur. This condition also occurred in Bali Province during the COVID-19 pandemic. Economic growth in order to improve welfare must occur even though the pandemic is happening. Economic transformation is an effort to respond to the phenomenon of changes in economic structure. This study discusses changes in economic structure and economic transformation that can be carried out in Bali Province. Changes in the economic structure of Bali from before COVID-19 to after COVID-19 have occurred. This indication can be seen from the decline in the growth rate in 17 business sectors that contribute to GRDP. Bali's economic transformation based on a sustainable agriculture sector can be realized, especially in response to the economic downturn due to the COVID-19 pandemic.

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