Global economic downturn, Indonesia will adhere to independent economic development strategy

by:JIYALI     2021-10-28
In recent years, under the continuous turbulence of the global economy, Indonesia has become one of the most successful economies in the world with an average annual growth rate of more than 6%. In the face of some doubts from the outside world, Indonesian President Susilo Bambang Yudhoyono stated that Indonesia will never blindly follow the economic policies of other countries, stick to its own economic development path, and at the same time maintain the spirit of self-improvement, build a stronger country, and become a regional economic development. Pillars and strive to make greater contributions to world progress. President Susilo, who was on a state visit to Hungary a few days ago, was interviewed by the media and said that the Indonesian economic policy proves that as long as the economic policy in line with the country's national conditions is adhered to, the national economic construction can be successful. In the global economic downturn and crises, with many countries’ economic growth below 3% or even negative growth, Indonesia’s economy has maintained an average annual growth rate of 6%. Susilo pointed out that one of the most important reasons for the success of the Indonesian economy is that we did not blindly follow the strategies of other countries or the advice of some international organizations. Instead, we chose strategies that conform to our national conditions and national interests and succeeded. Since the Bogor Declaration, Indonesia has promoted trade and investment liberalization, but the government must provide policy guidance, macro-control, and protect weak national industries. In managing the national economy, the Indonesian government not only prioritizes economic growth, but also focuses on stability and fairness. Therefore, the government is very concerned about controlling inflation and expanding employment. It requires companies to avoid layoffs in difficult circumstances and strive to increase people’s income. Susilo also said that at present, the international community regards Indonesia as a regional power and a participant in global affairs. Indonesia will continue to innovate and develop itself to become a powerful country and nation, and continue to play an important role in the following two aspects: work hard to implement the master plan of Indonesia’s economic development, and provide assistance to foreign investment and bilateral cooperation in energy, food and infrastructure construction. Multilateral economic and trade cooperation expands more space and becomes the engine and pillar of regional economic development. In addition to becoming the largest economy in Southeast Asia and playing an active role in ASEAN and even East Asia summits, Indonesia should also play a positive role in global affairs and maintain Exert influence in regional peace and stability.
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