We all already
knew how Indonesia’s doing in international trading on the previous post. This
time, we should see briefly how others see Indonesia in the past few years and
years ahead. Indonesia, as everyone acknowledges is rich of its natural
resources. Indonesia has a lot of potential to do trading with any resources
Indonesia has. But, will Indonesia play it well in the future?
People usually
judge the country for doing well is by its economic growth, the poor people it
has. McKinsey&Company on 2012 explained the myths regarding Indonesia’s
growth including its economy. The first myth says that Indonesian economy is
not stable, which was argued because Indonesia doing really well in exporting
and has a strong domestic market. Like I said before, Indonesia got advantage
on resources but according to the McKinsey it is not actually the strong point
to boost the economic growth of Indonesia anymore (crude oil, natural gas). Indonesian
economy, according to McKinsey is likely to overtake United Kingdom and Germany
and crowned as number 7 of the world largest economy in 2030.
In order to make
the prediction becomes true, Indonesia better deal with the challenge well. First,
Indonesia has to make an increase the growth of its labour in terms of
productivity to 4,6%. Second, Indonesia has to avoid income inequalities.
Third, Indonesia should manage the consumptive characteristic of Indonesian to
prevent the country for running out of capital. Another challenge McKinsey
shares is the need to focus on economic sectors like agriculture and fisheries,
resources plus the human development. Speaking of resources, Indonesia has a
few core export commodities supported by it. Oil palm to be exported to
Germany, France, Taiwan and Asian Countries, etc. Forest products to Myanmar,
Kenya, Egypt, Pakistan, etc. Shrimp to Thailand, United Arab Emirates, Brazil,
etc. Cacao to United States, Japan, Belgium, South Korea, etc. and there’s
Indonesian coffee exported to Malaysia, Netherlands, Spain, England and many
more.
We should
remember Indonesia has international policy doctrine says “A Million Friends
and Zero Enemies”. With that doctrine, we can make a friendship and also expand
our export markets, it should be beneficial if we interpret the policy well. About
how well Indonesia will do in the future depends on how we see, we expect from
Indonesia and what we, young people do to Indonesia.
Sources:
Posted by,
Salwa Ni'matul Maula (1701315806)
02PC3
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