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.

 

The European Commission`s decision to clear all Indonesian air carriers from the EU Air Safety list has provided an opportunity for Indonesia to restore the confidence of the international community on the country`s aviation sector.
Indonesia is preparing steps in response to the European Union`s (EU`s) plan to phase out the use of palm oil-based biofuel energy that will affect palm oil-producing countries.
As many as 93 forestry and environment experts from various countries will attend the 3rd Asia Pacific Rainforest Summit (APRS) which will be held in Yogyakarta on April 23--23 to discuss progress in the implementation of Paris Agreement.
Ciletuh-Pelabuhanratu geopark has officially been declared as part of the UNESCO Global Geopark (UGG) which will be a new history for tourism in West Java.
Finance Minister, Sri Mulyani Indrawati, was named the best finance minister in Asia and the Pacific for 2018 by Hong Kong-based financial magazine FinanceAsia for the second time in a row.
President Joko Widodo (Jokowi) noted here on Monday that Indonesia is a large country, whose economy will grow stronger and increase in 2030.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu