New Books Network

Eve Warburton, "Resource Nationalism in Indonesia: Booms, Big Business, and the State" (Cornell UP, 2023)

Jan 12, 2026
Eve Warburton, Director of the ANU Indonesia Institute, dives into Indonesia's post-boom resource nationalism in her recent work. She explores how commodity booms influence nationalist policies and why these persist despite a market downturn. Warburton reveals the pivotal role of domestic businesses in driving nationalist agendas, contrasting outcomes in the mining and plantation sectors. Additionally, she examines the conflicts between firms and the state, and how environmental activists feel about nationalism's co-optation by private interests.
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INSIGHT

What Resource Nationalism Means

  • Resource nationalism centers on restricting foreign ownership and expanding local benefit from natural resources.
  • Traditionally it spikes with high commodity prices and fades when prices drop, driven by state desire for rents.
ANECDOTE

Newmont's Exit From Batu Hijau

  • Newmont sold its Batu Hijau mine stakes after protracted divestment and smelter disputes, selling to local tycoon Arifin Panigoro of Medco.
  • The case exemplified a wider trend of foreign firms leaving and domestic conglomerates expanding into upstream mining.
INSIGHT

Domestic Extractives Drive Persistent Nationalism

  • The persistence of 21st-century Indonesian resource nationalism reflects the rise of powerful domestic extractive firms, not only state opportunism.
  • Coal and mineral tycoons leveraged profits and patronage to reshape policy and secure divestments from foreign owners.
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