Some economists believe that Indonesia will become a like China and India emerging as economic powers. Indonesia s economic growth in the global economic crisis, the worst time only slightly slower, and now again at an annual growth rate of more than 6 , and Indonesia s stock market ranked second in Asia.
According to overseas media reports, Indonesia s manufacturing sector expansion, abundant natural resources and booming domestic market, the financial industry, health, political stability, all to make Indonesia into the world economic powers.
International Monetary Fund representatives in Indonesia Milan Zavadjil said that Indonesia in attracting foreign investment after China and India.
He said: The people of the different investment survey, the attractiveness of foreign investment in Indonesia is increasing. An interesting survey, the next few years the most attractive investment in emerging market countries, Indonesia ranked fourth.
Asian Development Bank recently predicted that Indonesia s GDP will grow 6.1 this year, next year s growth of 6.3 .
Were not involved in the global economic crisis
Indonesia does not fully mature financial sector business, has not been leading the global economic crisis in 2008 that involved complex and disastrous investments. Therefore, most of the world into recession, the fundamentals of the economy of Indonesia is still healthy.
He said: Indonesia s budget deficit small, demand is not high debt, government debt and low levels of consumer debt, ample foreign exchange reserves. Indonesia has sufficient funds in banks, working no problem.
Indonesia held a peaceful presidential election last year. In the eyes of investors, which is open to political stability and a new era of optimism. While in Jakarta in July 2009 there were two hotel bombings, but the counter terrorism measures taken by the Government reassured the business sector.
Most importantly, we have to manage finances. Yes, we will offer incentives, but the deficit will not exceed 1.7 . In my opinion, this is Indonesia s strong suit.
Lead to criticism of labor policy
Indonesia s economic reforms continue, but also with China and other Asian countries signed free trade agreements, leading to Indonesia s timber, coal and silver and other commodity exports increased. Leather processing and other international industries, factories and has already been started to work in Indonesia has moved from China.
Not all labor groups are in favor of free trade policy in Indonesia, the loss of garment industry s work is particularly evident because the Government s policy to competition becomes too brutal.
Infrastructure has not kept up, not enough roads, manufacturing costs and increase, mainly due to a serious corruption problem.
Corruption remains a big problem. Some company managers survey, corruption affects economic growth. However, representatives of the International Monetary Fund said corruption in some other countries in Asia and Indonesia was serious.
Indonesia s weak infrastructure, especially airports and port facilities is even more inadequate, hindering the economic development of Indonesia s most significant problems. He said the government has taken action to ensure private investment in infrastructure will not be wasted due to long period of time.
Policies, if there is a change, license if there is a change, if the government changed, we will provide protection for it? I can now say that the Ministry of Finance is ready. We are ready to provide protection.
Although Indonesia s stock market record highs, but the Ministry of Finance that the other did not follow the trend of rising asset prices, so Indonesia s economy is not facing the risk of overheating. Wow all of Mato Zhu said the growth rate of Indonesia s economy in the coming years are likely to remain above 6 , many economists agreed.
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