The Future Of Indonesia
Research Highlight
In addition, it seems Indonesia has the rare fortune of falling government debt and rising government expenses on education. These two trends should help prepare the next generation of Indonesian workers to enter a healthier economic work force. These more educated workers have already driven the consumptive income (the ultimate metric for measuring economic evolution) exponentially higher in Indonesia. These factors, unseen in any other Muslim democracy at this level could lead other Muslim nations to base their economies on these factors of evolution, rather than on traditional natural resource extraction.Indonesia is at a unique crossroads in its history. Could it leave a blueprint for Muslim nations to follow by demonstrating its innovative and transparent success? Indonesia has consistently achieved an annual growth rate in GDP of over 6% over the past few years, and its economy has held strong during the recent global financial crisis, while other powerhouse countries, such as the United States, and even China, have struggled or slowed. Currently, Indonesia’s economic strength is coming from the manufacturing sector of its economy but it seems enthusiastic about an increase in the service sector of its economy. Indonesia is also stressing the need for sustainable growth, by not only increasing corporate environmental responsibilities, but also by encouraging joint ventures with established international firms, and encouraging universities to help with research of efficient innovations for business processes.