👉Indonesia's Economy   Between Feudalism , Corruption & The Abundant Resources Curse
Channel: GeoStar TV
Date: 2020-03-27

👉Indonesia Economy : Between Feudalism , Corruption & The Abundant Resources Curse
By nominal GDP, Indonesia has entered the G20 since 2009 with a total nominal GDP of 1.1 Trillion US dollars and percapita nominal of 3900 US dollars ,ranked 16 and 114 respectfully. 
Purchasing Power Parity is even more significant.
It is as big as Poland and Sweden combined , the biggest in South East Asia and mostly domestic driven ;67% of GDP generated by domestic economic activities.
The closest ASEAN economy, the size of Indonesia, would be Thailand, and it is not even half the size. It is as big as Singapore, Malaysia, and the Philippines combined. Indonesia’s industrial output is almost twice the output of Turkey’s if we go by nominal worth.
It is the absolute biggest palm oil and its derivatives producer, more than 55% of palm oil products in the world are manufactured in Indonesia. Singaporean palm oil products are usually a repackaged Indonesian and Malaysian OLEO stuff.
It has the 5th biggest population, thus a large population base as a potential market. In short, it is very, very big but insular and not very reliant on Import-Export.


Welcome to The Atlantis Report.
Indonesia is too much Jakarta and Java-centric.
Strange to think that Jakarta as the biggest urban economy in Southeast Asia, even bigger than Singapore and the entire Philippines. Most people think Singapore as the richest city in Southeast Asia, sorry to burst your bubble, but since 2014, Jakarta is the richest in Southeast Asia in terms of GDP Nominal.
Jakarta’s GDP stood at more than US$ 320 Billion, while Singapore's GDP stood at US$303 Billion.
And with Jakarta’s GDP  projected to surpass US$ 400 billion, Jakarta continues to dominates.
Its this domination by Jakarta and Java that brought a detrimental effect on the rest of Indonesia.
While Jakarta is heavily developing.
Java is also not so far behind in development.
But the rest of Indonesia, in Papua; in East Nusa Tenggar; and even in Jakarta itself, poverty is persistent. 
The problem is not that Indonesia is “poor and cashless” and has no income, Indonesia has a lot of revenue channels, but it is so concentrated and so unfairly distributed that only a handful of people get to reap the benefit of it. Until these structural problems get fixed or at least addressed, then Indonesia will continue to be “mostly underdeveloped.”

COPYRIGHT DISCLAIMER:
Under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:

https://link.attribute.to/cc/634628