Exploring the Principles of Kerthi Bali Economics in Achieving Sustainable Economic Transformation
I Putu Fery Karyada (a*), Hamidah (b)

a), b) Department of Accounting Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia.
*i.putu.fery.karyada-2022[at]feb.unair.ac.id

Abstract

This article explores the principles of Kerthi Bali economics as an approach to achieving sustainable economic transformation. Kerthi Bali, a concept rooted in Balinese local wisdom, emphasizes harmony among social, environmental, and economic aspects. Through a comprehensive analysis, this paper identifies key elements of the Kerthi Bali economic principles, such as sustainable resource management, local community empowerment, and the integration of cultural values into economic practices. The study also discusses the implementation of these principles in a global context and the challenges faced in adapting this model beyond Bali. Findings suggest that adopting Kerthi Bali principles can offer innovative solutions for achieving inclusive and environmentally friendly economic growth. This article aims to provide new insights for policymakers, academics, and economic practitioners in designing strategies for sustainable economic transformation.

Keywords: Sad Kerthi- Kerthi Bali Economics- Principle- Sustainability.

Topic: Development economics