Wednesday, August 3, 2011

Indonesia in the Middle of Asian Revival

21st CENTURY believed to belong to Asia. Economic revival of two giants, China and India, will create a new history of the world economy, so Asia is becoming the center of world attention. All want to be part of the resurgence of Asia.

Therefore, a variety of economic cooperation between countries is growing in Asia. Likewise, a growing number of multinational business into Asia, want to benefit from Asia's economic revival.

Optimism has been growing confidence of other Asian nations, particularly the emerging economy, that they could also rise. Just imagine, Asian nations that formerly were colonies of Europe or America has risen and is ready to lead the world, a world economic superpower.

But according to a report in The Standard Chartered Super Cycle Report on 15 November 2010, submitted that China will become the economic superpower in 2020, the world's largest economies, and India will become the economic power of the world's number three in 2030, shifting Japan and Germany.

What about Indonesia?

According to the report, Indonesia can be a star performer, with the economy the number 28 in 2000, will be number ten in 2020, and number five in 2030. The report uses the assumption of Indonesia's economic growth of seven percent (almost) on average per year in two decades to come.

Indonesian economy can grow rapidly and developed with the support of natural resource exports and industrialization. In addition, the proximity of Indonesia with China could be advantageous if can increase its manufacturing capacity with high added value products, so China will be supplying capital goods and helper.

This means that although Indonesia has the potential to become one of the major economic force in the future, need to sustain economic growth and overcome its economic problems are still a lot.

source: http://economy.okezone.com/read/2011/07/25/279/483855/indonesia-di-tengah-kebangkitan-asia

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