Indigenous Autonomy and Financial Decision-Making in Communities

In this article, we argue that Indigenous autonomy, not increased regulation, is required to improve financial management and outcomes in Indigenous communities. We explore what may enable and constrain good financial practice and a move towards autonomous financial decision-making in Indigenous communities. Drawing on research about financial literacy education practices in a Canadian Aboriginal community and research in Australian Aboriginal communities receiving royalties from mining, we highlight the need for Indigenous autonomy in financial practices. Finally, we argue for the role of internal accountability in allowing a move towards Indigenous autonomy.