WEF: Indonesia heading the right way

25 January, 2013 | Source: The Jakarta Globe

Indonesia is among the star performers at this year’s World Economic Forum in Davos, as the focus shifts from economic crisis to sustaining long-term growth. The country’s strong economic growth and high consumption have been particularly impressive.



Trade Minister Gita Wirjawan articulated the country’s growing attractiveness when he said “we are not selling absolutes but directionality,” which has been behind rising foreign direct investment in Indonesia over the past three years. He added that Indonesia is committed to adhering to global trade rules.

Indonesia’s aspiration to rise up the ladder national economies by size is clear, as is the steps the country needs to take to get there.

There is every chance that over the next five to 10 years Indonesia will do better on the social, educational and economic fronts. It is critical for Indonesia to get its message across strongly at international forums such as the WEF given the high profiles of the attendees.

In a competitive global economic environment, having a presence and stating one’s case is needed to ensure that the country’s voice is heard.

Much of the discussion at this year’s WEF has been on how countries can compete by taking a long-term view of growth. The managing director of the International Monetary Fund, Christine Lagarde, said in Davos that 2013 is a “make-or-break” year for global economic recovery. So as the economic crises in Europe and the United States recede, growth is back on the agenda.

Countries that offer strong growth will attract greater investment.

But Indonesia may not stand out as much as in the past two years given more countries are now posting strong economic growth. This means that it will need to work harder on other fronts, such as maintaining social harmony and reforming its education system to maintain its competitive edge.

 

Indonesian Foreign Minister Retno Marsudi and her Maldivian counterpart Mohamed Asim will hold a bilateral meeting in Jakarta on Wednesday (June 21) to discuss the cooperation in tourism sector.
The United Nations Food and Agriculture Organization (FAO) has praised Indonesia for its role in fighting illegal, unreported, unregulated (IUU) fishing, the Indonesian Embassy in Rome said.
Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly.
Jakarta (ANTARA News) - Former president of the United States, Barack Obama, is scheduled to deliver a keynote speech at the opening session of the 4th Congress of Indonesian Diaspora in Jakarta on July 1, 2017.
Jakarta (ANTARA News) - Indonesian Minister of Foreign Affairs Retno Marsudi spoke by phone with her counterparts of the Middle East in a bid to ease the crisis between Qatar and a group of Arab countries.
Tokyo, Japan (ANTARA News) - Indonesian Vice President Jusuf Kalla and Japanese Prime Minister Shinzo Abe discussed accelerating the development of medium-speed railway facilities on the Jakarta-Surabaya route during a bilateral meeting after the 23rd International Forum: Future of Asia.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu