As Australia’s closest geographical neighbour, Indonesia and Australia have contrasting economies in regards to a number of different indicators. Economic growth, the increases in real GDP of an economy over a period of years, is an indicator which determines the size of an economy[1]. Along with economic development, these factors decide the classification of an economy either as an advanced economy, or a developing economy. Economic development is changes in an economy which result in a change in economic growth and human development[2]. The final indicator which is used to distinguish between the two economies is the economic role played by the government. This includes government expenditure as well as the impact that political decisions have on the economy. Despite receiving a milder downturn as a result of the GFC than Australia, Indonesia is characterized by these three indicators as a developing economy whereas Australia is an advanced economy on all facets of its growth and development.…
When testing these assumptions within an Asian context, inter-country comparisons are fraught with difficulties including among other things cultural and psychographic differences that may have an 'apples and oranges ' comparison affect. In the hope of overcoming such difficulties, Indonesia has been selected as a…
Indonesia is not only South East Asia’s largest countries but also one of the fastest growing economies in the world, with an annual growth rate exceeding 5% in seven of the past eight years, thanks largely to its increasingly affluent middle class. Over the last three years, the rupiah has been the best-performing currency in Asia. The number of high net worth individuals (HNWI) in Indonesia is expected to triple within the next five years on the back of the nation’s strong economic growth, according to a research report. HNWI, at an estimated 33,000 for 2010, is projected to reach close to 100,000 in 2015, CLSA and Julius Baer said in their Wealth Report for Asia.…
(PESTLE) structure of Indonesia. The report provides a holistic view of Indonesia from historical, current and…
Indonesia has experienced rapid economic growth and rising per capita income from the mid-1980s to the mid-1990 that improved its welfare in health, education, and job opportunities. Since the Asian financial crisis in the middle of 1990s, its dramatically increase the unemployment rate and a decline in wages for those who did not lose their jobs, with women being particularly vulnerable because the criminality as getting higher.…
Rudito, Bambang and Melia Famiola. Etika Bisnis dan Tanggung Jawab Sosial Perusahaan di Indonesia, Bandung: Rekayasa Sain, 2007…
Gertler, P. J, and J. W Molyneaux. 1994. How economic development and family planning programs combined to reduce Indonesian…
The role of Agriculture and Mining in Indonesia, Problem and Policy in the Agriculture and Mining in Indonesia…
During the New Order government tried to press economic growth in various ways, one of them to borrow the funds of foreign countries. But in the year 1997-1998, Indonesia experienced monetary crisis which is affecting the Indonesian economy, marked by the rising all prices things needs. With a situation like this, the society began to fret and anxiety. Rising BBM up to 70% increased the suffering of the people. Added with the attitude of officers who adopts KKN (Corruption, Collusion, Nepotism) makes the society more furious. Thus, students as young people put together a program to improve the situation at that time. Sudarma in his article, said, "The student movement of the 1990s reached its climax in 1998, beginning with the monetary crisis" (Sudarma, 2008).…
Question 1: What political factors explain Indonesia's poor economic performance? What economic factors? Are these two related?…
Indonesia is a vast country. Its 220 million people are spread out over some 17,000 islands that span an arc 3,200 miles long from Sumatra in the west to Irian Jaya in the east. It is the world’s most populous Muslim nation - some 85 percent of the population count themselves as Muslims -but also one of the most ethnically diverse. More than 500 languages are spoken in the country, and separatists are active in a number of provinces. For 30 years this sprawling nation was held together by the strong arm of President Suharto. Suharto was a virtual dictator who was backed by the military establishment. Under his rule, the Indonesian economy grew steadily, but there was a cost. Suharto brutally repressed internal dissent. He was also famous for “crony capitalism,” using his command of the political system to favor the business enterprises of his supporters and family.…
Since 1970, Malaysia has seen many changes. There have been reductions in poverty levels, improved health conditions and significant gains in per capita income. The Gross National Product per capita in 1998 prices increased 223% from RM2,414 in 1970 to RM7,794 in 1998 (Malaysia,…
Indonesia is one of the largest countries in South-east Asia, between the Indian Ocean and the Pacific Ocean which contain mainly mountainous and covered with rain forests, swamps and consists over 13000 islands. Jakarta is the capital of Indonesia. Indonesia declared its independence on 17th August 1945 from Japan but Netherlands agreed to transfer sovereignty in 1949. Susilo Bambang is the President and Muhammad Yusuf Kalla is the Vice-President of Indonesia. Bahasa is the official language in Indonesia which modified form of Malay but the most widely spoken language is Javanese. 88% of Indonesians population is Muslim. It has a very large trading environment, with several countries ranging in products from gas to textiles. 22% of its population live below poverty line. (CIA- the World Fact book)…
One of the sectors is mining industry. Indonesia has very rich natural resources, namely, oil, natural gas and metals. In term of money, natural gas extraction gives the most benefit to Indonesia among all other mining activities. In addition, Indonesia is recognised as one of the world’s largest suppliers of natural gas. Oil extraction in Indonesia carries the same importance as natural gas does. Indonesia also mines metal mineral in a wide range, including bauxite, silver, nickel, coal, tin, copper and gold to manufacture various types of goods and to be exported.…
According to the survey of Political and Economic Risk Consultant (PERC), the quality of education in Indonesia was ranked 12th out of 12 countries in Asia. The position of Indonesia is under Vietnam. Data reported on The World Economic Forum Sweden (2000), Indonesia has a low competitiveness, which ranks only 37th out of 57 countries surveyed in the world. And yet according to a survey by the same institution predicated Indonesia as a follower and not as a technology leader of the 53 countries in the world.…