Fitri Novia Heriani, Yanuar Pribadhie
Experts and commentators believe that Indonesia can positively benefit from its demographic dividend, circumstances under which a country has many citizens categorized as falling under productive age groups. One person supporting this view is Jim O’Neill, a UK economist and former Goldman Sachs executive.
O’Neill says that its demographic dividend will project Indonesia into being a major player in the world economy for the next 30 to 40 years.
He explained that there are three other countries with similar conditions, Mexico, Nigeria, and Turkey. Along with Indonesia, these countries are commonly referred to as MINT.
O’Neill points out that the MINT countries still have a number of undeveloped potential natural resources, which will also boost their economic development.
Despite this positive forecast, Bambang P. S. Brodjonegoro, Deputy Minister of Finance, emphasizes that Indonesia still has to work hard to become a developed country.
“We are still lacking infrastructure, need to improve human resources, implement efficient budgeting and structural transformation and a lot more if we want to benefit from the strategic position we now have,” said Bambang.
Economist David Sumual, says that Indonesia has the potential to be a major player in the world economy. Nonetheless, David adds that this chance must be supported by proper Government policy. Such policy needs to simultaneously develop domestic industries and human resources.
“The Government needs to develop domestic industries so that the reserves of manpower we’ll have in future will not be fruitless,” said David.
David worries that the Government will lose its direction on economic development. While Indonesia has a Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI) as a reference for its economic policy, David is of the view that there are still many issues that need to be covered.
“The policy on good performance, skills, and education that relates to economic development must be improved by the Government,” concludes David.
(hot/kc)
Fitri Novia Heriani, Yanuar Pribadhie
Experts and commentators believe that Indonesia can positively benefit from its demographic dividend, circumstances under which a country has many citizens categorized as falling under productive age groups. One person supporting this view is Jim O’Neill, a UK economist and former Goldman Sachs executive.
O’Neill says that its demographic dividend will project Indonesia into being a major player in the world economy for the next 30 to 40 years.
He explained that there are three other countries with similar conditions, Mexico, Nigeria, and Turkey. Along with Indonesia, these countries are commonly referred to as MINT.
O’Neill points out that the MINT countries still have a number of undeveloped potential natural resources, which will also boost their economic development.
Despite this positive forecast, Bambang P. S. Brodjonegoro, Deputy Minister of Finance, emphasizes that Indonesia still has to work hard to become a developed country.
“We are still lacking infrastructure, need to improve human resources, implement efficient budgeting and structural transformation and a lot more if we want to benefit from the strategic position we now have,” said Bambang.
Economist David Sumual, says that Indonesia has the potential to be a major player in the world economy. Nonetheless, David adds that this chance must be supported by proper Government policy. Such policy needs to simultaneously develop domestic industries and human resources.
“The Government needs to develop domestic industries so that the reserves of manpower we’ll have in future will not be fruitless,” said David.
David worries that the Government will lose its direction on economic development. While Indonesia has a Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI) as a reference for its economic policy, David is of the view that there are still many issues that need to be covered.
“The policy on good performance, skills, and education that relates to economic development must be improved by the Government,” concludes David.
(hot/kc)