Indonesia has had a strong stable economy since the very
beginning, its one of the G-20 countries and is dominated by a Muslim
democracy, Since 1998 it has had a great
economy with over 250 million people enjoying the facilities provided but in
2009 after recession struck the demand for the local commodities decreased,
there was a monetary policy introduced to reform their economy which has been
successfully working and their GDP rose by 4.7% over the years and a total of
5% in 2015.
Indonesia has the most powerful economy in the whole of
South East Asia, it has the world’s 10th strongest economy, moreover
it works with a market economy, although their economy grows slower than their
population we can say that it has a high working population, which brings in new ideas, creativity and businesses, the risk taking country has a macroeconomic
perspective they want to delve into minor things and enhance their political
social and cultural ethics which indirectly benefit their economy, because the
diverse culture would invite more people, a politically stable country allows
more trade too.
On the other hand Indonesia has abundant resources (coal,
gas, oil) which is good for exporting and earning. Their businesses are mainly
privately run so the tax paid to the government increases, which benefits the
economy.
Indonesia is a free country and since it follows a market
economy it has an income tax rate of 30% and a corporate tax of 25%
The pictures below show how changes are being made to
control the economy whether it be in the field of labor or the open market.
Try compare Indonesia's economy with any other.
Citations:
http://www.heritage.org/index/country/indonesia
http://www.worldbank.org/en/country/indonesia/overview
http://www.adb.org/countries/indonesia/economy
4 comments:
Good, very informative document you prepared. Fantastic to see lot of information at one place. In academic writings we need to be more analytic and evaluative. Please have a look at a PPT I posted for the MLA referencing.
Thankyou Sir, I will have a look at it and definitely include it in our next assignment.
Economy Of Finland
Finland has a mixed economy . A mixed economy is a combination of a command as well as a market economy. The largest economy in Finland is the electronics industry, the vehicular industry and the machinery industry. Finland is a developed country with a large number of resources such as timber. In the technology market Finland ranked second largest to Ireland. In the past five years Finland has progressed at an average rate of 4.5% per year . According to the GDP Finland is one of the 15 richest countries in the world . Finland has a highly industrialized market. The inflation of Finland has not been high. Finland trades with Western. Countries. In the 1990s the economy of Finland fell into a recession . The largest sector of the economy is in services which is 65.7% . There are about 2500000 people in Finland with jobs whereas 232000 people are unemployed . In June Finland experienced a huge recession and it continued in July with hundreds of people out of jobs. The GDP of Finland in 2010 was 3% however In 2014 the GDP decreased to -0.1% . Finland has a commission that makes recommendations to help improve its economic stature. Since three years the economy of Finland has not been growing and is said to resume growth in the year 2015.
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