The Institute for Development of Economics and Finance (Indef) criticizes the 14 economic policy packages that have been released by the Indonesian government between September 2015 and November 2016. While these packages aim at boosting competitiveness, employment opportunities, purchasing power, investment and overall macroeconomic growth, results have been disappointing so far. Ahmad Heri Firdaus, economist at Indef, says the packages are too "general" and thus fail to focus on the specific environment in a specific sector (and-related sub-sectors).
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Berita Hari Ini INDEF
The Institute for Development of Economics and Finance (Indef) argues that economic development that has occurred during the first two years of the government under the leadership of President Joko Widodo is too much centered on the island of Java, Indonesia's most populous island and the political and economic center of Southeast Asia's largest economy. Java, particularly the Greater Jakarta region, contributes about 60 percent to the total Indonesian economy.
Although the Indonesian government's target of welcoming 20 million foreign tourists by 2019 seems highly ambitious given that Indonesia may fail to achieve its target of seeing 10 million foreign visitor arrivals in 2015, several analysts claim that this target is too low. They believe that the target should be raised to 33 million foreign visitors, earning USD $40 billion in foreign exchange, hence replacing crude palm oil as the country's leading foreign exchange earner. However, this new target would only be possible if the government is serious about developing its 10 designated tourist destinations.
Artikel Terbaru INDEF
Senior economist at the Institute for Development of Economics and Finance (INDEF), Didier Damanhuri, believes that Indonesia’s two presidential candidates - Joko Widodo (popularly known as Jokowi) and Prabowo Subianto - are both similar in economic approach as both men are primarily focused on high gross domestic product (GDP) growth as the measurement for economic development, while, in fact, many countries that only focus on GDP growth show a high degree of economic inequality.
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