A Land of Contrast
- Indonesia's economic revival is based largely on domestic consumption and its rich natural resources of oil, natural gas, coal and palm oil.
- Its annual per capita income has more than tripled from $1,000 in 2000 to a projected $3,500 in 2011.
- Foreign investment skyrocketed 52 percent last year to $16.2 billion; annual economic growth is projected at 6.4 percent.
- The rupiah is at a seven-year high against the U.S. dollar, and, according to the Wall Street Journal, "Indonesian stocks are perkier than a cup of java."
- Economic progress has largely occurred since the fall of the 31-year authoritarian rule of Gen. Suharto (1967-1998), and has been made possible by a stable democracy led by President Susilo Bambang Yudhoyono, the nation's first president to win by direct vote in 2004, who easily won re-election in 2009.
- Endemic corruption has worsened under a Yudhoyono reform program to transfer political and economic power from Jakarta to the provinces.
- The United Nations says half the population lives on less than $2 a day.
- Millions still lack potable water, adequate sanitation and electricity.
- About one-third of children under 5 suffer from malnutrition.
- Violent attacks by Islamic fundamentalists are growing.
- Indonesia's population is also soaring, which could negate future economic gains. At an annual growth rate of 1.3 percent, the population will reach 470 million by 2060, and 940 million by 2110, according to the National Family Planning Coordination Agency.
TENTANG AKHYARI HANANTO
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to unders ... Lihat Profil Lengkap