Economic growth in indonesia Essay Example | Topics and Well Written Essays - 2000 words

sparing growth in indonesia - Essay ExampleEconomic growth has long been the basic measure of constitution effectiveness and success across countries. Recent global financial crises reduced considerably the pace and stove of stinting developments in a issue of regions. However, as the global crisis is moving to its end, the developing world faces interrupt chances to improve their economic position. Indonesia is no exception a vast and resource-intensive economy, Indonesia has everything needed to strengthen its position in the global economy. It should be noted, that the countries of the Asian and Pacific region are in a better economic position, compared with other countries of the world (The World Bank, 2011). Simultaneously, the risks of inflation remain increasingly high. Therefore, Indonesia must develop economic policies and down instruments to slow down the acceleration of inflationary mechanisms, in ways that do not damage the rustics economic growth prospects.Indone sia is ranked the worlds fourth most populated country (U.S. Department of State, 2011). Located in the equatorial region of Asia, Indonesia occupies about 2 jillion sq.km, with approximately 240.3 million of people inhabiting it (U.S. Department of State, 2011). The prevailing majority of the countrys residents are Indonesian (U.S. Department of State, 2011). For umteen years, Indonesia was one of the biggest Dutch colonies 300 years of the Dutch rule turned Indonesia into one of the richest and most advantageous resource supplements (U.S. Department of State, 2011). It was not until 1945 that Indonesia was granted independence from Netherlands (U.S. Department of State, 2011). After the first democratic elections in 1999, Indonesia became one of the most populous democracies in the world (CIA, 2011). Despite recent developments, Indonesia is faced with a number of challenges, including poverty, poor quality education, terrorism and the risks of authoritarianism (CIA, 2011). The situation is further complicated by the