Indonesia is a country located in Southeastern Asia between the Indian Ocean and Pacific Ocean. It has a strategic location astride major sea lanes and is an archipelago of 17,508 islands, some of which border Timor-Leste, Malaysia, and Papua New Guinea. The government system is a republic. The chief of state and the head of government is the President. Indonesia has a mixed economic system in which the economy includes a variety of private freedom, combined with centralized economic planning and government regulation. Indonesia is a member of the Asian Pacific Economic Cooperation (APEC) and Association of Southeast Asian Nations (ASEAN).
Language:
The official language of Indonesia is Bahasa Indonesia (official, modified form of Malay), English, Dutch, local dialects (the most widely spoken of which is Javanese)
Economy:
Indonesia's Economy grew by 6.5% in 2011, marking the highest percentage in over a decade. This GDP growth, however, is not unprecedented because in seven of the last eight years Indonesia’s GDP has grown by more than 5%. In the last couple of years, corporations and investors have begun to compare Indonesia’s economic growth potential with the likes of India and China. Strong growth and political stability are two of the main reasons why corporations and investors share this confidence.
Another great sign for Indonesia’s economy is that foreign direct investment increased by 20% last year. The abundance of natural resources and a large consumer market, consisting of 240 million people, continue to attract foreign investors. Economist Kun Lung Wu sums up Indonesia’s past and prospective economic gains when he states, “Indonesia’s GDP growth has been remarkably stable and robust in 2011, in line with our view that Indonesia will remain a beacon of growth in a world where growth is scarce.” Indonesia currently represents the largest economy in Southeast Asia, and last year experienced higher economic growth
than any of its neighbors in this region.
For more of the story go to:
0 comments:
Post a Comment