Why Is Indonesia One of the Fastest Growing Economies in the World? 🇮🇩
ฝัง
- เผยแพร่เมื่อ 26 ก.ค. 2023
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Indonesia's economy has been growing rapidly, and thanks to a younger population it could be on track to become one of the biggest economies in the world. There are a few things holding Indonesia back, such as Jakarta sinking into the ocean, but with their natural resource wealth and access to the world's oceans, it could become a huge player in making the goods we all use every day.
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Do an analysis on Bangladesh
Do you have plans for one of these types of videos for Malaysia? ^^
@HoshikawaHikari agree, I also wanna know why Malaysia is better than Indonesia in the economic sector.
Do Portugal please!!!!
@@HoshikawaHikari Malaysia = if Indonesia wasn't so spread out, but actually was addicted to hydrocarbons.
We have a saying here, "Indonesia always dissapoints. It dissapoints the optimists and the pessimists too." Our country never quite achieved massive economic growth like China or South Korea, but also at the same time, our country never fell apart like Yugoslavia or Congo did.
A literal manifestation of a "Mediocre country".
Not the best, nor worse. But still trying to do what they can do to survive and thrive.
@n_core hey at least being mediocre is not bad lol.
less pressure to think at all.
But atleast we hate Israel.
@@n_corenah, a country like Indonesia, a big super diverse country that is both stable and have a high economic growth is really good, in fact, almost a miracle in this modern world lol.
Quote from Chatib Basri Indonesia’s best economist right now
Indonesia has immense potential but needs to tackle its corruption problem. The common person person pays an invisible tax because of this.
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
Don't have a car? Bruh most traffic in dense cities cause by cars
@@indiasuperclean6969Glad you didn't have to Repair Your road each time There is a Earthquake nor you need to travel Overseas just to Visit another Island.
@@mukti5896
Thats a bot, dont mind it.
@@SetuwoKecik yeah other than this I'm ignoring the rest.
Hey EE! A fan here and a neighbor from Indonesia. Been waiting for EE to talk about Indonesia for years... And now, my life is complete. 😅
Gara2 lu min gue kesini😂😂😂
@@Bakri336sama kangg 😂😂
Ah. Sugan we teu apaleun nu boga chanel na. Yen konoha raja korup
halo min kobi
Ada orang Indonesia cuyy 😂
As an Aussie who visited Bali a lot, I was really surprised to see the growth of Indonesia especially compared to 15 years ago when i visited Jakarta for the first time. It just shows that even in a blink of an eye a country can grow or fall, and it really stupid for people to underestimate Asian country especially in an ever-changing condition like this.
For sure Bali has developed a lot the last few years, but don't compare it to other regions like Sulawesi for example. Bali is far from representative of the normal Indonesia. Way richer and more westernised than any other region over there.
@@stijn4771Jakarta is way more westernized than bali lol
@@stijn4771lawak kau badut.. justru jakarta yg lebih kebarat-baratan
@@abdulalrovi683 Interesting you're saying that. Maybe the small rich part of Jakarta is more western-like, but 80% of the city is sadly still far from being properly developed. I hope you realise that. I've been both in Bali and Jakarta, and rest assured Bali is screaming western tourism. Let's hope Jakarta develops well the coming years.
@@stijn4771 if you think 80% of jakarta is far from being properly developed, why would you think bali is better?
Dude, The province of bali is huge. It's combined land and sea territory is almost 15.000sqkm and consists of 85 islands. You talking about bali like it's a small district. Probably because you only go to tourist area like kuta or tanah lot which are of course highly westernized and quite developed because there are so many expats there.
Jakarta's government spending in 2023 is Rp.74,5T, while bali is only Rp.7,5T, That is 10x bigger. Why would you think a province as big as Bali would beat Jakarta which is small province-level city (because it's the capital city of the country) with 1/10th of Budget.
On average, Jakarta is far more westernized than Bali. Even many young people speak a confusing language called South Jakartan English.
Next time you go to bali, get out of the tourist area and see how westernized the balinese are.
djpk.kemenkeu.go.id/portal/data/apbd?tahun=2023&provinsi=09&pemda=00
I first learned about Indonesia when I was 6 years old and wanted more than anything to visit, though I live on the opposite side of the world. I finally got to go when I was 19 for two months as part of a volunteering project and it was one of the best summers of my life. I returned for my 30th birthday and spent another month there. I wish nothing but the best for Indonesia. If you can protect your environment while you're transitioning to an industrial nation, you'll be a global powerhouse.
They are already doing that's banning raw material exports! To become global superpower need a lot times dudes😂
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@unclekumars8246 no....maybe the forest fires while they build more buildings is the problem.
@@indiasuperclean6969 you are just saying the opposite. nice joke. lol
Thank you, really appreciate your wish for us
the EU attempt to sue Indonesia over its decision to stop raw Nickle export and manufacturing value adding nickle based product alone is an indicator that global superpower does not like it when emerging economies are well, going to emerge
They never do, they never change. It's hard not to be pro-China's investment or other Asian countries when the West is being a bully.
Remember that it is also because EU banned our palm oil export first to protect their own rapeseed and sunflower oil market. The way we coordinate with Malaysia to play around the political world with palm oil is very smart.
@@yamiRichow ironic, huh? If they do it it's okay, if we do it, suddenly it's a "global crisis" 😂
@@vallecend6855wait now it all makes so much sense...
@@yamiRic Malaysia is truly our sibling. We might fight with each other over some things but work together against outside force
As a Singapore citizen, it's heartening to see good talk on Indonesia. Personally I also wish for Indonesia to prosper and do well in her growth. Thks EE for the additional info in this Vid.
The prosper Indonesia means the richer Singapore 😁
@@PissMenntrue haha just like Luxembourg in Europe switched up between the giant economy Germany, France and Netherland
I'm surprised you didn't mention how bad the asian financial crisis affected indonesia. I'm honestly still confused on how it's still in one piece after that and not turn into another Yugoslavia or soviet union
My lecturer just said to me "it's too big to fall"
700 ethnic group, 1300 local language across 17000 island..
Surviving 1 military coup, 1 communist coup, financial crisis and ethnic violence..
Still exist as 1 country and growing to be top 5 economy in the world... if you put that Into prespective, Indonesia still exist as a one nation is kinda miracle by it self.
@koko-cj3sc the ussr was "too big to fail" too
Yeah, only East Timor broke out and even then it's our fault to invade them in the first place (with the support of the US & Australia)
@@kokoooji more like too diverse for fail😅
From the Philippines 🇵🇭 happy to see Indonesia 🇮🇩 prosper visited many places their quite impress in development
We as ASEAN countries will prosper together, don't worry!
From Singapore. I love Indonesia too, very frighteningly huge country. Lots of talents as well.
We really love the Philippines, a country that never bothers Indonesia ❤️
Indonesia doesn't like Malaysia, which often harasses Indonesia. Malaysia is ranked 2nd in the world's racist countries
@@terkinisobat1674bruh jgn terlalu mengagungkan filipin dan menghina malaysia, tau gak org filipin jga sering hina indo, nih di salah satu komen di tiktok, dblng indo gak ngasilin apa2 ke filipina, ditny apa yg terkenal dari indo, indonesia pemakan kucing dan anjing (dia taunya pasar tomohon kali), bangunan indo kyk tahun 1959 (pdhl di filipin aja yg bagus cmn BGC sama makati, selebihnya yaa sama ae, dia gk update), dihina hina jkt tenggelam, yg dibahas seputar citarum (yg mana skrg udh gk seburuk itu) mrk cmn tau indo yg jelek2 aja, gk semua bgtu tapi bnyk yg bgtu, apalgi kalo mereka ngmngin pageant psti bahasannya kemana mana😂😂
As a half swiss-indonesian who grew up in switzerland and have been to Indonesia every couple years since 1991 for vacation and visit relatives, seeing how my second home is changing always shock me to see. Even when i think about how my relatives life conditions were back in early 2000s or hearing stories from 70s/80s compared to how their life look like in the 2020s is just amazing and im happy to see the growth of middle class and also many new rich people. I hope condition will also further change for the poorer part of indonesians which still have hard life and struggles every day. Also how many new projects all over Indonesia are popping up is insane! It feels like every time when i go there, something has changed again (not always but most times) for the better. I think this era is comparable to the economic growth in europe after WW2 or even further back during industrialization when european countries and big cities like Berlin, London or Paris (which were growing cities but with lot of pollution and dirty rivers, slums and big inequality) completely transformed and changed their whole face into what we know them today. So how will Indonesia will be in like 20, 50 or 100 years? Im excited to see and hopefully i can witness some of the next decades. Terus melaju untuk Indonesia maju!❤
💬 iya oke, baiklah aa 😉💚
Hi EE! I'm Indonesian, as well as an avid listener of your channel, and I wanted to take the time to thank you for the extensive research done on our country. Always a treat to be able to listen to what trusted sources like EE have to say about how we are doing - the good and the bad. Cheers!
Wish EE expand more about the downstream effort we are having with our natural resources (i.e. nickel) though. Could be a gamechanger for the economy years down the road.
You have a beautiful country and amazing cultures. I'd love to explore Indonesia someday.
Indonesia needs to upgrade the capabilities of its citizens to take advantage of all the natural resources that it has. The many islands need better connectivity, both in terms of physically and telecommunication services and this will be a long term challenge. Keep at it, the economy will grow, transparency will keep getting better and Indonesia will become an advanced level economy.
Ayo semangat! Sudah 16 bulan sejak gua mulai belajar bahasa Indonesia! Aku tinggal di Amerika.
youtube.com/@saiiytt
I am an an engineering student in Indonesia, and it is unbelievable how much money the government spend to grow its manufacturing industry. They literally churn out startup left and right, most of them fails but the one who survived literally creating a new industry. Indonesians need to realize if we are united we are unstoppable.
We’re currently visiting Indonesia for the first time as this video came out. We love it here and hope they continue to do well. It’s a very beautiful place and the people are very warm and welcoming.
Indonesia: GDP growth is steady in Q1
The economy grew at a stable pace in the first quarter of 2023, with GDP expanding 5.0% on an annual basis. Q1's reading came in slightly above market expectations. Household spending growth was stable at 4.5% year on year in Q1, despite still-elevated inflation. 0:20 [FocusEconomics]
Indonesia is therefore one of the world's largest economies and is currently at rank 16. [WorldData] 0:30
By 2030, Indonesia could become the seventh-largest economy in the world after China, the United States, India, Japan, Brazil, and Russia- overtaking Germany and the United Kingdom. 1:09 [McKinsey & Company]
indeed its beautiful but i fear its not for long...
@@0241rooboWhy?
2 weeks in East Jawa was all I needed to see the massive potential of this place’s industrial capacity!
What city do you visit?
Cilegon city?
@@pdaye he said East Java, no way its Cilegon. At very least it's probably Surabaya Metropolitan, or regencies such as Malang, Banyuwangi, or Madiun
@@adiabd1probably Gresik since it's already prepared as Industrial zone
east java is the second largest gdp province just after the capital jakarta. not really the average of indonesia development.
I’ve been calling Indonesia as the next “big jump forward” country for a while now. Glad to see it in the headlines!
Stop lying brah
and who are you?
Under every video by any channel on any country said to be taking over China's role as the worlds' low cost manufacturer you'll find unsubstantiated comments by people who claim they predicted it years ago. 😅
@@timduncankobebryantwhy?
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
I'm not Indonesian but iv lived here for over 15 years and consider it my home. I am really glad that you did a video on it. It can sometimes be hard not to feel a bit cynical about indonesia. It has so much potential for growth and as you described definitely has the ability to raise the standards of living for its population. However it definitely has some powerful institutional barriers that it will need to overcome first.
It's alright because that's the general view of Indonesians. Optimistic about Indonesia's bright future but highly skeptical of the government.
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
can you explain it further
@@rssyng Indonesia has so much potential and hurdle at the same time.
Polarized politics, rampant corruption across many government departments, extreme social and economy disparity, systemic poverty, lack of infrastructure, low access to higher educations, etc.
There's a survey that says 1% of the population holds the 50% of entire country's economy. That's how extreme the socioeconomic disparity in the country.
Despite all of that, the country has so much potential from its people, abundant resources, and even geography location.
@@indiasuperclean6969what?😂
Indonesia is a very beautiful country, the people are friendly and there are lots of delicious food.. I'm sure Indonesia will be more advanced.
Where are you from?
@@kidsaresodelicious9666ur mum
Urmm. We Call It's Konoha..Gorilla inside Human Life .. Dangerous Comunity in The World.. Sooo dangerousssss 😆😆😆🦍🦍🦍🦍🦍😆😆😆
Ah, yes. Indeed we are gonna rule the world because of our rendang and sate ayam and other good food :)
Agreed. I have more faith in Indonesia than in my own country, lols.
Big fan of EE from Indonesia! We are local channel talking about economics and finance. been waiting for this video for too long. thank you, you guys are one of our inspiration
Wah "NgomonginUang" Saluran lokal Langganan saya juga Nyimak Rupanya.😊
Ada kak lunaaa
I've been visiting Indonesia practically once every 4 years, since 1999. And every time I'm astounished (literally blown back) by all the progress I see (a Belgian businessman I met at a bar in Lombok in 2015 even remarked: "Their roads are better than ours").
This is the stuff I've heard from my grandparents and parents about the rebuilding and economic boom of post-war Europe. But on "Asia speed".
One thing that comes to mind is that most Indonesians still believe they're a poor and backwards country from the days of the Asian Financial Crisis, and vow to roll up their sleeves to strive to never go back to those days again. I had a discussion with a truckdriver in a truckstop in East Java for instance. He started the familiar apologising for such a poor country. I asked him how much he earned in a month. His eyes went wide when I told him he made twice as much as the average truckdriver in Russia.
Probably because Indonesia Rupiah is still considered "weak", especially when compared to neighbor currencies like Singapore Dollar, and Malaysia Ringgit. For most people, indicator of a country being rich, is how the currency compares to other countries. While a "weak" currency theoretically helps export, you will still feel poor when you go overseas, and see that potential months of rent money in Indonesia, may only cover food in other country.
@@rajeshranjan3199 Indonesia is not east asia
@@rajeshranjan3199 And you’re invisible at night.
But is a mongoloid country, Indonesians love Korean stuff (tv series kpop) because they relate to east Asian features
thank you for your kind word, sir
Also, in the last president election, when 2 rivals decided to join together build the country rather continue the rivalry have built even more political stability.. as indonesian, i loves it when everything can be solved peacefully for the sake of our own people.. i likes the video, good or bad, i can learn more things from this.. respect from indonesia 🙏
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 i had a stroke reading that
Hopefully it will be the same for the next election. I'm not gonna bet on it tho, considering one of the candidate is the literal father of identity politics in Indonesia
@@indiasuperclean6969 just stop the spam man, I don't know why you hate india so much to dedicate your life to insult india on random comment sections.
@@Talphazero , he is from Pakistan Terroristan Beggeristan Prankistan Porkistan Punkistan.
They just got 23rd bailout so his 2 Rupees/Comment sallery is increased by 0.002 rupees this year.
To be honest, the stability score is a little undervalued in my opinion. The Indonesian economy is one of the most resilient economies in Asia in the recent decade after the financial crisis, averaging 4-5% of growth despite any kind of economic circumstances of the world. The country is still growing economically well above the world average after the recovery in 2021 (currently with a growth of 5% compared to the slumping projected 3% world average) and is projected to keep going the next year despite how bad the US and EU economy is right now. Despite facing such a huge obstacle from the COVID pandemic and the global supply chain meltdown. So In my opinion it deserves to have at least a score of 6 or even 7 for its stability.
Ikr, as an economics chanel, they also fail to mention how Indonesian economy is mainly regional and how it is very resilient to outside influence, which is by design since the 1998 crisis. Amazingly they also fail to mention the 1998 asian financial crisis and how foreign influence plays, disrupt, and set the economy backwards by several years.
@@m.n152 He's more on western biased, so of course he won't mention about economy regional things except japan or south korea
@@m.n152 but, i must say, some of his POV is right
Nah, I think for growth they are far slower than other developing economy. This is due to the fact that Indonesia is competing with Philippines, Thailand and Vietnam. Indonesia is more focused on stability due to 1998 Trauma.
Indonesia is taking less risk than other country. It's prevalent with the fact that people are already anxious with 41% of GDP Debts.
If Indonesia willing to take more risk to realize their economy, while also avoiding Corruption, Indonesia will become stronger economy faster. That might made EE think again about Growth Score.
@@Osvster I agree on that, but 5% in G20 standard is quiet big
I wish Indo the best, lovely people with a lovely country. I think Bahasa should be taught in Australian schools
bahasa means language
The ozzy's version of "chai tea"
I'm sorry but for the next time please use the term "Bahasa Indonesia" not just bahasa bc that's mean language in english. 😊😊
I studied Indonesian in high school in Sydney in 1962 so it has been around in Aussie high schools for a long time. How widely it is studied of course is another matter.
I am Indonesian. Thank you so much for the compliment, Sir.
I still believe Indonesia needs to diversify its economy. It has rich reserves of natural resources and this economic high rise is abundantly fuelled by the use of fossil fuels and natural resources.
Lets hope for the best!!
Love from 🇮🇳
Nah, all we need is optimization our educational and processes. It all start from there and thing should be easier to manage bigger economics
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 Ouch!! A porky is jealous. Don't worry... I can see you lining up for a fistful of grain.
We do diversify our economy.
In fact, the majority of Indonesia's GDP comes from SME (small and medium-sized enterprises).
It's just, we don't diversify who holds the economy. 50% of the country's economy hold by 1% of the population.
@@n_core Income inequality is a problem everywhere in world. South Asia isn't immune to it. It'll just get fine as you guys develop.
Indonesia is so cool. I want to travel the islands and meet the locals someday 🙂
You are very much welcome to visit us
Just come, brother. We will welcome you 😊
Just don't make trouble, like what Russian, Ukrainian and Australian tourists do, do some research before visiting, so you don't do something that the Indonesian people hate
You are right, Sir. Please come to our country. We will come you. ☺
@@eustasskidd5671is there anything people should be aware of? What do they tend to do that bothers people? (I want to one day go to Indonesia!)
Indonesia has a lot of potential, a beautiful country, good people and rich history. 🇮🇳🇮🇩🇮🇳🇮🇩
As Malaysian, i really rooting for Indonesia growth to be a superpower
My three eldest kids (26, 24, and 20) learned Indonesian as a part of Tasmanian primary school education in the early 2000's, possibly as a local initiative, but I believe it was very forward thinking. Unfortunately, my foreign language choices at school in the 1980's were Dutch or German, and I have no idea why.
why would you learn Dutch, only 25 mil people speaks it and most of them also speak very good English.
colonialism.
My theory: Australians in the 1980s were still in denial, pretending that they were still in Europe. 😄
I’m glad Australia in the 2000s has fully embraced its position in “Asia” (yes, I know Australia is technically its own continent, but it is basically in Asia, economics and geopolitics-wise).
maybe because the germanic language is easier to you. so you choose it. there other justification but i think primary it. teens prone to impulsive decision.
If you learned Bahasa Indonesia, you're uncovered a lot of new opportunity for business and vacational. You'll have second home right next to your first home, because Indonesian is very welcoming & friendly ppl.
Indonesia is already big player in terms of geopolitics, but not quite good in geoeconomics. Because the economy still based on natural resources, so there is limited participation on global supply chains.
But thanks to the current govt plan to make Indonesia level up to a downstream-based economy where natural resources will only be processed in the country.
In 2045 Indonesia has a vision to becoming a high-income country. I hope this vision will be in your next content. Thanks
it's really making the global power's angry af.
you dont know geo politics then Indonesia is no where near the ranks of Taiwan Korea Iran Saudi Brazil turkey and not even close to USA China Russia India France UK japan germany in terms of Geo politics.
@@riderchallenge4250 Indonesia just don't care enough bro. Indonesia rocked the world in 50-60s. USA in the right hand, and USSR in the left hands. even JFK got shot because he is a good friend of Indonesia's first president.
Indonesia is really scary back then bro. 4th most powerful military might in globe. Can you believe it? You surely can't!
that's why USA and allies devised plan to divide Indonesia. it succeeded. after that mass genocide masterminded by USA, Indonesia is closing their geopolitics influence.
@@riderchallenge4250 you dont know Indo-Pacific geopolitics
@@riderchallenge4250 and you wrong, in the region Indonesia has more influence than Taiwan according to new study by Austrialian Lowy Institute.
Love Indonesia brothers from Philippine
🇵🇭❤🇲🇨
Indonesia is a happy nation. People can build their dream home, you don't have to spend a lot of money to live because everything is affordable here.. The only problem is when they go to other countries due to low income. Overall they live happily in this large nation
Plus, although Gini ratio is very bad. Still 30 percent of Indonesians make more than USD. 20K annual. Which equal to 80 millions individuals
Therefore, let only Indonesians be able to enjoy it, don't let foreigners be able to own assets or land in Indonesia. Make it a rule that foreigners can only visit and not stay long
BUT SIR MY INDIA IS THE REAL SUPERPOWER NUMBER ONE🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 MEANWHILE IN INDONESIA PEOPLE STILL RIDE RICKSHAW EVERYWHERE AND THEY ALSO POOR DONT HAVE CAR . THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳🤗🇮🇳
@@indiasuperclean6969 wake up bro... You're sleeping
@@user-yl7qm3hl8k he's doing sarcasm probably a pakistani
I ❤ Indonesia. From The Philippines.
I ❤ ASEAN. 😊
I grew up in Jakarta and I have immense love for this country and its people. The country's greatest asset are the people and I feel like empowering their skill sets will enable their economy to really boom. Additionally political stability, eliminating corruption, protecting the environment and focusing on higher education will guarantee its bright future! Love this country so so much :')
Indonesia also needs to address its health issues. Going along with the air quality issues in Jakarta, I read a report recently that said something like 70% of the Indonesian population smokes--and many heavy at that
Yeah, smoking has become a culture here in Indonesia. Most guys that I know are smokers, either vaping or smoking cigarettes. Some girls smoke too.
Our culture is still against alcohol and drugs, so smoking became popular.
@@MugroofAmeen yeah parents could commit suicide because their kids are drug users. drug are taboo in here. alcohol might be ok, but drugs are punished by moral code. the dealer could get instant death sentence too. smoking, meanwhile got seen as "manly" or "kool kids" culture.
@@MugroofAmeen Alcohol is kind of normalized depending on where you live.
@@fasha7747 its terrible the society its unhealthy
Indonesians are hard working, seriously brave when faced against enemies, friendly with most countries and have a huge population with lots of resources.
I've been waiting for this one for quite a while. Indonesia has massive untapped potential.
Thank you, sir. I am proud to be Indonesian.
g ush lebay,beljar aja yang banyak,bangga doang g bikin negara lu maju
@@GERAND.Flowmeter.Distributor
Fascinating content. So much potential throughout ASEAN. Wife is from Philippines and comes from a hard working family, so I can see what her people can accomplish. So great when people put differences aside and we get to work.
I am a Vietnamese and though our country's economy vision and orientation is different from Indo, my country always consider Indonesia a target to overcome and a good diplomatic relation. Hope one day Indo can compete comprehensively to China.
My friend from vietnam is a great person, here for great diplomatic relation 👍👍
We hope too brother 🇮🇩👍🏻
We hope the same for Vietnam. Let's grow strong together!
greetings from indo hehe love our asean brothers and sisters🥰
Hi there fellow South East Asian brother💚
I have faith in Indonesia
I've seen that they're hardworking, skilled and determined and can take a large share of the manufacturing shift from CHINA
And they have much less red tape than India
(I'm an Indian i should know)
Teri maa ki kashi
Red tape???
@@lightyagami956 It means complicated bureaucracy
The incumbent president has laid a lot of good economic foundations for the future growth of Indonesia.
And here I am hoping that Indonesians will elect someone who'll at least continue building on those foundations in next year's presidential election.
I'm looking forward to Indonesia becoming at least an upper-middle income country by 2045, and I'm still around to witness it.
….It WILL happen-but ONLY if Indonesia doesn’t elect an Islamic-Nationalist (as you saw what happened to Turkey)….Nothing bombs an economy faster.
Indonesia now is upper middle income countries based on newest released data from World Bank at this early month with GNI US$ 4.580.
@@caesarianwijaya884 Recent statistics even give Indonesia GDP per capita of $5000.
Hopefully that someone continues the path of primarily agnostic development, and isn't swayed by religious ideologies. Biasing decisions towards faith at the expense of everything else imbalances the tenets of Pancasila.
for this I don't completely agree. as a public policy academic, if the comparison is that the basic economic foundations has lied in two time periods. the first period when referring to a significant increase in GDP happen between 1970-1980. the second period of drastic increase in GDP occurred in the 2010-2015 era where it was the era of the two previous presidents. Soeharto and Susilo Bambang Yudhoyono. referring to the graph, I think today's president is only continuing the foundation that has been formed by previous presidents.
Greetings from Indonesia. I think the very essence to stable growth is, the political stability in Indonesia, which has been the best ever in a long time. Productivity remains an issue, but other than that, with stability, the projected growth should come to pass.
iya
kestabilan adalah faktor penting
mengapa eu hanya punya fta dg spore dan vietnam?
ya krn stabil - pap sampai sekarang berkuasa di spore sementara vietnam dikuasai partai komunis
narasi eu memang nggak jauh dr demokrasi
padahal baik spore dan vietnam ya "kebebasan pers" itu terbatas
jadi jika eu bicara a kita nggak bisa telan mentah2 krn aslinya bisa b atau bahkan c
The recent military cooperation between Turkey and Indonesia will not only make the security of the island country cheaper, but will also increase the possibilities of joint production between the two countries.
How? Aren't turkey too far away to help security? Genuinely asking
@@licas3214help as in weapon making or other. Range doesn't matter. We even get F-15ID from US
@@licas3214 drones, aircrafts and naval units etc...
Wait...Indo is dipping its toes on weapon manufacture?
I hope the US and other big players wont cause distruption
@@conq1273PT PINDAD INDONESIA, PT. DIRGANTARA ETC
Indonesia is kinda a miracle because how big and diverse it is. I live in Java my whole life so there's a time where I took things as granted. But then I met more people outside of the island and hear their opinions of things and their way of life. Is so much different. Even the quality of life in only West Java itself is so different depending on where have you live. The problem is really is infrastructure, there's never really spread out evenly. Even Railway only available on Java and Sumatra. So people in other island other than that two has to travel with boat/plane to just go to the other province in the same island and traveling inland is not that good too because the roads not yet to be build. But nowadays there's more development, like new Highway on Papua or the railway on Sulawesi.
I didn't know Indonesia's economy is that big. Impressed
It is impressive. I think Indonesia is hugely underrated because they rarely make the news in the West, which is always obsessed with China and/or India, or the actual failing states like Afghanistan, Pakistan, etc. However, do note that economic size is easy to achieve when you have a huge population.
I’m not talking about Indonesia specifically, but a country like India, which has more than 5 times Indonesia’s population and a lot more than all other countries except China.
So of course it’s not surprising for India to be in the top 10 in GDP. What’s actually bad is for India to NOT be in the top 2 since they have so many more people than all other countries except China.
The key is GDP per capita. Indonesia’s is still low, but India’s is even lower. Both countries have a long way to go, but Indonesia is still ahead (which is why it’s hugely underrated).
Please to all Africans dont come to our country we dont want any of you to ruin my beautiful country and r@pe our women❤
@@braynstorm3149 If there's worldwide news about Indonesia it's most likely bad news. Like the old saying, the bad news is good news. I honestly would rather have Indonesia stay invisible, being in the center of international attention only makes us a target.
@@fasha7747 agree with you, as indonesian, i prefer focus on keep improving our self rather worry too much about how other's see us..
Of course positive reviews will help us gain trust from others country, but this trust will follow as our country keep improving, so im not too worry about it rn.. 💪💪
@@fasha7747 setuju
kita diam2 bergerak
membuktikan pada diri sendiri sejauh mana kemampuan kita
Been a regular viewer & huge fan of EE for quite a long time now… really ecstatic to see a video covering the economics of Indonesia, my beloved country!! Thanks for putting a-lot of effort into all your videos, especially this one!!
Fun fact, Indonesia is the only truly functioning democracy in the entire Islamic world. Egypt's and Turkey's democracies are still backed by the military to survive, well at least Egypt's... Erdogan pushed the military out and as we're seeing its democracy quickly unraveling before our very eyes. Not that being a fully functioning democracy prevents its corruption problems or anything but it's still noteworthy...
Yeah, we're one of the few. I don't understand why most Arab countries are incompatible with democracy.
Because you have Hindu Culture....❤
@@vidhanchandrasahu1185Why is India still poor country & racial, you Indian Hindu, killing our Moslem Brothers....
@@vidhanchandrasahu1185if indonesia is still at the hands of hindu, toilets will be banned and everyone would slipped from the cow dungs that are scattered on the street 🤗
@@vidhanchandrasahu1185because we're not mixing religion and government.
Truly enjoyable & informative. Rooting for Indonesia. God bless.
My Indonesian colleague did tell me that at least the Brits left my country quite a usable infrastructure like the law system, government structures and so on, while the Dutch government left them with nothing but pain and suffering. Glad to know they're now doing better and it does look like they're on the right trajectory. Greetings from Malaysia.
Japan left with the hope of independence & Dutch left it with their roads
What Then Tell Your Friend And Yourself Go And Learn Real History,Not Alternate Soekarno Version From 1957-1981 We Have Nothing Most Our Asset Own By British Company Land,Soil,Plantation,Mineral,Oil Etc Until 7 Sep 1981 When Our Country,Under Formers Prime Minister Tun Mahathir Mohamad Plan And Initiated Attack On London Stock Exchange To Take And Reclaimed What Belong To Us Malaysia
That Real History The Guthrie Dawn Raid Attack On London Stock Exchange,On 7 Sep 1981
Well, not really. We inherited some laws from the Dutch like the Criminal Code and so many Dutch colonial infrastructure like government buildings, factories, and so on especially in Java Island. It's not much but there's that.
The difference is that Malaysia gained independence mostly through negotiation and the Brits already promised independence, while the Dutch didn't. Dutch would have wanted to control the Dutch East Indies forever if they had the chance. They want to milk Indonesia for WWII reparation back in Europe. They are the most stingy colonialists ever, they won't let go of their most valuable colony.
It's only because of the US intervention and Indonesia's willpower itself that Indonesia can get rid of the Dutch control in this archipelago. We still have beef with them until the 1960s.
The malays states in what we called Malaysia were never colonised but were protectorate states of Britain. Thats why we don't have a british governer, just a british high commissioner
A common misconception due to the years of historic propaganda from New Order Government, Indonesia law system actually use Civil law that set by France when they occupied Dutch, not common law use by most Anglo-British dominated countries. Government also set by Dutch since they set the Regency Hierarchy that expanded into district, municipal, regency, and province, you can see the left over of the system by look into vehicle plate number. Even the first modern road in Java island built by Dutch when they prepared for British invasion. But both British and Dutch give pain and suffering as colonizer/invader otherwise Indonesia people would not united and rise to Independence.
Indonesia will do very well if it could : (1) Replan & Redevelop it’s urban / residential & commercial infrastructure for connectivity, roads, public transports, sanitation, storm water drainage, and against climate change especially rising sea levels, (2) Rid corruption (3) Improve education systems (4) Improve health care. (5) Improve employment (6) Set up a good sovereign fund protected against corruption
These are symptoms rather than problems in themselves. The rich of Indonesia hold the poor in contempt, as do the politicians the electorate, businesses their customers, public administrators their services users. So throwing money at these symptoms only makes the rich richer and the poor poorer as the economy is designed to do exactly this. The main vehicle for achieving this are monopolistic positions within every value chain held by a few families, some now absent from Indonesia itself.
Already done all that but it takes time
Agreee
Rather than rebuilding the already cramped urban centers, i think it would be theoretically easier to build new cities to reduce the population weight on the old ones before rebuilding them. They already did it with the capital after all
There are always a well planned idea to develop something but too many fails due to their corruption
Indonesia. 😘
That's my country finally economic explain makes video about Indonesia.
Thank you so much. Keep good working and have nice day there man.
Peace.
I have been waiting for this video for so long, and I’m so excited for what the future holds. I intend to enter politics and this channel has been such a great resource, thank you!
Well, you know as a Canadian, I would say that our Indonesian dream is not about going there to get rich. Indonesia is the destination once you have gotten rich. Tropical island paradise, that is my image of Indonesia. My idea is of a crafty beach side shanty where you can live well for the rest of your life, where the food is good and the weather is sweet, the culture is alive, not so money centric as colder countries... So in my Indonesian dream, economics are a side show, not at all the main attraction.
I could understand that perspective especially since it's coming from a rich western country. Not only that, if you choose to retire here, you could live like a king with your pension money, having a big house and maids at your service.
my friend just told me the same. indonesia is cozy poor country and everyone cool with it.
@@whitygoose Eh, i won't say it's poor because Indonesia is categorised as upper middle income country by the World Bank and it keeps growing.
@@lil_jong-un6668 i lived there for more than 15years. i ain't gonna sugar coat.
@@whitygoose May i ask where? I won't deny that there's a lot of poverty in my country, but that's not the reality in which I live, at least here in Bandung, West Java. Nor when I traveled all the way to East Java and Bali. Most people are middle class, and more middle class is growing. If you think Indonesia is poor then you haven't seen most African countries and most Eastern Europe countries.
I think, to say Indonesia is poor is kind of misleading because most people might take it as "extreme poverty" kind of poor. Affordable is more apt IMHO especially if you're from developed countries.
in 2045 Indonesia we will have its 100th birthday and is predicted to get a demographic bonus because more people are in their productive age.
However, there are lots of problems such as brutal corruption & stupid bureaucracy, long-winded, etc. if it continues like this, it will make this demographic bonus a big disaster for Indonesia.
and that's why at the end young people in indonesia, to have apathetic to our politics and politician if they're still like this.
I also lately felt that being "Golput" or perticiping on the next Election doesn't really change anything much for future of this country (as all 3 Candidate behind the curtains has a degree of corruption one way or another or "still wanting to stick on the old ways")
@@0241rooboAfter 98 crisis and reform.....nothing change with player game politics what is changed it is playing rules
I just hope the rules is changing better, fair, and for longterm perspective for country
@@0241rooboYou should care about politics even if you're pessimistic. Politics will dictate how you live your life here whether you like it or not.
I see India and Indonesia are similar not by name only.
@@0241rooboand what is the "new way"? giring for president???
As an Indonesian who has subscribed to your channel for more than a year, I'm glad that you have talked about Indonesia's economy. Indeed Indonesia has a huge potential of becoming an advanced economy however there are setbacks that Indonesia needs to tackle. As of today we are in good era where the current President of Indonesia, President Joko Widodo, is trying to push development mainly through infrastructure (such as building toll roads, seaports, airports etc...) and education. However, because there are some corruptions from some of the politicians, it made Indonesia's development become delayed. Indonesia has a long trip ahead in order to become an advanced country and I hope that this disease of corruption in our country will stop.
Seandainya bisa hukuman mati bagi koruptor seperti di China, tapi DPR mana mungkin setuju 😂
Corruption has been the main theme of Indonesia's history (and economics), indeed. Glad EE brought that up. Indonesia exactly seems like floating in the middle, between the better developed countries that has escape natural resources curse like Norway, USA, and worse countries like venezuela, etc.
Crack that corruption down, we might have incredible growth reinvested from Indonesia's rich of natural resources.
@@fasha7747bahkan undang2 perampasan aset koruptor sampai sekarang belum juga selesai dan disahkan dpr..
@@ditabahari5295 Koruptor mana mau mensahkan UU yg merugikan koruptor 😂
@@KokBisawih gak nyangka ada kok bisa yg ngereply komen gw😅
Thanks for the awesome content and great videos!!!!
Thank you so much! Been waiting for this for ages
I'm waiting on my Indonesian made-to-order boots right now. My 60th birthday gift to myself. About the last 'rest of my life' thing I plan to buy, currently. I'm excited, they're beautiful, go Indonesia go!
Are they Sagara Boots? 😁
@@ohanaproject985 Junkard. Sagara was too busy to answer me 😆
Waiting impatiently for the Poland episode! With the flag we're almost done;) Thanks for the awesome content!
I've been waiting for this video about my country! Its finally here! thank you!
I'm have been waiting for this episode to be a thing for more than 3 years and so glad its finally here
Same here!
sepertinya tetangga kita penasaran
ada salah satu artikel di media aussie yg menulis bahwa aussie benar2 "nggak paham" sama tetangga sendiri
kalo aussie nggak cepat bisa2 ketinggalan dr negara lain
cmiiw
As an Indonesian it's a miracle this country didn't end up like Yugoslavia
Would be great to see the channel also focus on Small Island Developing States in the Caribbean like Barbados, Jamaica, Trinidad and Tobago etc
Much of the positive trends for Indonesia are virtually the same for Philippines. If those two countries united they would be unstoppable and could control the South China Sea. That Union was proposed before in the 60’s and that eventually led to the creation of ASEAN. Those two countries were the primary seafarers in the region long before the Chinese.
Not related but I like your profile pic 🔥
Knock knock .... India here...
Back to it's hindu history
Would not work since china, Japan and even INDIA wouldn't want this to happen
Also, I am not sure how unified this alliance will be
Could have, would have, should have. China didn’t wait and went for global domination while Philippines was bogged down in corruption.
The way you talked about Suharto was weird. You talked about it like it was a natural transition of power instead of a coup and you didn’t mention all the violence and repression under his rule. I know it’s an economics video but those things deserved at least a mention since this painted an overly rosy picture
Suharto literally pulled a Stalin-style Great Purge that killed +500.000 """suspected communists""" (it just means his enemies), so
This is going to be a multipolar world, with US, China, india, Indonesia, Brazil, Mexico, Germany, Japan, Russia etc being the main players. The slow shift of economic power from the West back to Asia has been going on since the rise of Japan and will continue for a long while.
I can't see Russia being a major player in the future other than threatening nukes for attention.
Not really Brazil and Mexico…
The world have always been multipolar. Chinese kingdoms use to be the richest empire in the world for a long time. And then the Islamic golden age shift the influence to the middle east. Then we got The Romans, Greeks and Ottoman empire. And then the Mongols.
It's always gone back and forth between millenia. Also, it's the EU now. The Europeans knows better that their collective strengths is superior.
Not sure about Mexico tho, the Bandidos run amok and the water might kill you. Yes agriculture is good, they have good mangoes and guavas but I'm not sure about their strength economy
@@mcentepede You need to study more, Mexico is now the second biggest source of North American industrial imports only second to China. Mexico is now the go to place for all the factories that produce goods for the US and Canadian market.
Don't be fooled by the media perceptions of Mexico, it has a large population, with fast industrialisation, good infrastructure and big markets close by.
Mexico is already the 14th largest economy, and will soon become a top 10 within a decade.
Regardless of which of the powers dominate ultimately, we really cannot deny that this century is the Asian century.
Look around you, China, India and Indonesia are on a steady rise, while Europe stagnates and America...is being America. Ironically, this rise began with the decline of the breakneck growth of the Asian Tigers, but the new Asian Tigers now base their policies greatly on the old Asian Tiger experience. Truly, one part of Asia is passing on the torch to another part of Asia, while the West as a whole does so too to Asia! An interesting time to live through!
stop dreaming & get back to reality
@@Kevin-fq3zh The reality being...?
I know Indonesia well enough to be less upbeat about its future
But the part of West stagnates is true. They need to fix that or loses relevancy in global stage. As for Murica, well its Murica....
@MRsjovealek Where exactly did I say that Asia has overtaken the West? However, the process of industrialisation is bound to lead these nations to prosperity too. And exactly why should there be anything to fear about a more equal world?
@MRsjovealek Seems like you're the one mad here, the one paranoid about something inevitable. That's visible from the "there's nothing to fear".
So dude, stop trying other people's patience. Your own fear is visible from your attempts at denial. That's classic Kübler-Ross. The rise of China scares you? Does it make you think of the fall of the western system? Does it make you fear for your way of life? Does denying the inevitable take-over of China as the world's eminent superpower make you want to deny so hard that you pick fights with strangers on the internet you have no mental faculties of understanding?
Europe grew for 200 years at slower rates to reach today. Asia grows at a far faster growth rate today than Europe did. If it continues like this, Asia is bound to overtake Europe and America (considering how they are so incredibly stagnant). This is not ideology, this is fact.
I believe I am saying the truth here. I am no forecaster, but you're the one mad here, unable to take the progress of others. Continue your denial dude. I'm no one to stop you. Adieu.
finally, thank you for making content about Indonesia!
You got to do a video on the unusual situation of South Africa an industrialized nation with shortage of energy and a growing unemployment problem
I think he already did a bit earlier
He did already make a video about it. tl;dr: ANC mismanagement broke the country apart.
Indonesia's economic growth is truly impressive, and its youthful demographic advantage positions it as a potential global economic powerhouse. While challenges like Jakarta's sinking pose concerns, the nation's abundant natural resources and strategic maritime access signal a promising future. With these strengths, Indonesia has the potential to play a pivotal role in shaping the production of essential goods for the world.
Not impressive.. stuck in middle income trap GDP per capita 1k$-4,5$, for 30 year what impressive then??
@@nganvo840still better than USSR tho
EE needs to rank Indonesia much higher on stability since we have never heard of any destabilising news from this country since the Asian currency crisis way back in 1998. Joko Widodo is highly regarded as the most stable and efficient administrator!
Maybe our neighbours has something to say about West Papua. Especially Australians and Oceanic countries often potray us as West Papuan colonizer
Our instability has more to do with corruption rather than military problems.
And for people talking about West Papua; the so called "insurgency" is just a remote and fringe movement that only operates in desolate mountainous areas. Most Papuans i've met just seen them as batshit insane.
Indonesians have to keep electing folks like Jokowi to keep rising, and not get sidetracked by candidates who promise to decide more by faithful ideologies. Remember there are four other points of Pancasila to balance with.
Amazing, well researched, good narrative video, Im an enthusiastic Indonesian econ student and i approve to alot of the infos
hey EE. Thank you for the video!
Great work Indonesia, best wishes from India
Still waiting for one about Egypt.
Love your videos btw.
Wow, this channel really does research.. Overall explanation about indonesia is on point. The colonialism, the pros and cons of indonesia's growth, its potential, its government. This is the most objective video ive ever seen.
regular viewer of EE from Indonesia here, finally you talk about my country, thank you
As a Chinese, i totally agree Idonesia will be next miracle.
as an indonesian that has studied oversees in my opinion on why indonesian education is still lower even though there has been a lot of support for the education system is because the pessimistic mentallity and lack of long term thinking, most student who dislikes english or learning langguages usually have a thought process of them never going to use it so its useless but no one can actually know for sure... indonesia definitely very strong on growth but really is shaky right now for me personally i think indonesia still need time to actually compete in middle class economic
I guess it takes time. It's okay. Slow progress is still a progress.
Hi.. thank so much for showing this A video brew...have a nice day
Finally a video about indonesia
Been waiting for years man
Never expected my country to be covered here, pleasant surprise though!
I don’t think not having a significant portion of the population knowing how to speak english is a major contributor to an economy’s growth potential
Agree, kebanyakan orang indo gak bisa bahasa inggris, kita kalah dengan Singapura dan Malaysia
@@NotOnlyLiveOnceyou can learn english fluently in less than 5 years.
Indonesia is not a country that heavily relies on foreign worker's remittance like philippines. that's why not being english speaker isnt a problem for us.
@@NotOnlyLiveOnceyou dont need 100 million programmers tho
@@NotOnlyLiveOnce Learning new language is easy for people who already speak, write and know 3 language in average (Local, National, and Religion). Btw, I think only 10% of Indonesia people know english is such an outdated fact.
Splendid, as usual.
Greeting from Indonesia. Hello, am new subscriber. Thank you for sharing
This is awesome explanation
So today Indonesia economy is a keynesian "PNS"/state employee based economy
Hopefully we are transforming into manufacturing economy.
Yes! Finally! I've watched lot of your videos and waited for so long to hear your opinion about my country!... I didnt expect you would rate our growth at 10 i think it's more like 9 or 8, then for stability and confidence i think it's quite good with a more pragmatic approach in our current administration so it must be higher than 5
Just ignore his silly leaderboard. He himself has said not to take it too seriously on multiple occasions.
After all he doesn’t have all the data and he and his team is in another country.
@@patrickiamonfire965 what do you mean he doesn’t have all the data? Do you have all the data?? And why would being in another country make any difference? 🤷🏻♀️🤦🏻♀️ you’re not the sharpest knife in the drawer are you?
@@ArawnOfAnnwn not to mention the leader board has been around for several years, and a lot has changed in many of those countries that have already been rated, so it’s not exactly comparing apples with apples
@@AlphaGeekgirl Assuming this isn’t a troll post he admits that he doesn’t have access to all data. For example you tell a situation is going good from the outside but from the inside it can be wildly different. The sources that are available to the government is wildly different to what civilians and economist have access to. Chinese and lot of countries tend to fabricate lot of data.
Lot of countries have restrictions to some data. Reliability is a major thing for economists. Some are countries like Taiwan doesn’t have international data collection since it isn’t recognised as a country by the UN. This makes data reliability lot more harder.
He admits this almost all his videos and every time he gives a rating to a country. Cause they’re speculative.
Dragging out the last word of every sentence is triggering my OCD haha but love the content provided, keep it up!~ You got yourself a new sub.
Very fair, great scoring consideration
I feel like I should mention that the guy at 6:46 (Suharto) was a military dictator supported by the states. It was because of his governments Cold War paranoia of the PKI (Indonesia’s former communist party), an estimated 500,000-1,000,000 Indonesians were killed.
And it's also supported by the west like Australia and America. (read Jakarta Method). So many inocent people die becouse of the hate of comunism.
@@eka343 Yes - I live in US. When you look at some of the bad ways people have been treated by Capitalism, you wonder about the batshit crazy hate of Communism. Practical systems with a sprinkling of Socialism seem to work best.
Yes. The innocent communists........😂
@@gavasiarobinssson5108 Yes - Taking away what people own isn't right. That's what communists do. Come to think of it, it seems to be done a lot under Capitalism too.
@@gavasiarobinssson5108Many of them are not communists, and many were killed without trial. They straight up just slaughter anyone accused of being a communist, with no proof needed.
Hello,
I really like your videos. One thing that I especially missed here was how the climate crisis affects economic growth.
That would be another point I'd like to see in your videos.
Thank you :)
Thank you for your presentation .
The video's transition into Suharto's reign is as abrupt as Indonesia's transition into Suharto's reign.
And wow, the Berkley group really is just mentioned and moved on just like that.
I was gonna like that "I guess this is excusable cause this is an economics channel and not about politics",
but then the Asian Financial Crisis bore no mention in the video
Ehh...
tdk disebutkan krn mrk sdh tahu atau mrk yg bikin?
Lol. Agreed. It just jump around here and there without clear aim of idea or propotion
Yes Rushed, oversimplification, as all contents in this channel is
Have you done Bangladesh?
I'm from Kenya and would want to learn how the world views our country economically too
When I saw the thumbnail, I was expecting Indo vs China or Indo vs EU/US economics policy. Which is kinda a cooler topic than just a general summary the country.
why it's interesting is that the current government has decrease their reliance from the west and favor more on Chinese and other east asian countries.
China has a GDP bigger than Russia+Japan+India+South Korea+Australia all together,
in many high-tech strategic, the only nation which can match with US is China,
but recently so much videos get illusion that even Mexico and Indonesia could replace China,
And as an Indonesian myself I found it funny
Because the last time we did that we got imperial Japan.
Never ends well
@peacechan4500 we did what? I dont think we were voluntarily invaded by Japan.
What I mean by reliance is economic reliance. Even for now, we have relied from Japan although it is declined for now
We are more into diversifying our reliance, even including Russia. But in the end, government prioritize our local market a lot.
@@chawza8402 it's more on the, let's go my Asia brethren let's kick out the invaders. And then they become the invader
Indonesian people are actually pretty self reliance, we are living in small community village knew each other well. I remember the village where I grown up, we werent eat meat pretty often, whether its chicken , beef or fish, especially beef and fish where its only available once a week during weekly village bazaar where seller from outside coming and brought their goods. Outside of that we buying from each other harvest. I remember wanted to buy cucmber from our neighbour and she told me to take it myself in the field behind her house. Thats just awesome.
Hatur nuhun ulasan na kang
Really great video as usual. I would really like you to do one on Nigeria. Considering it is the largest and most populated economy in Africa, but it still has a GDP of
Indonesia off course has a very good potential since it has natural resources and young population, the problem is indonesian need much more entrepreneurs and engineers and scientists but so many young indonesian wants to be a police officer and govt employee :p
@boylbs why is that happening? I think its mostly on part of the Government not being interested on supporting research and engineering sector for the young Indonesian and prefer to take an easier route of employing ready-qualified foreigner in this area.
@@0241rooboBruh that's nonsense, the government already support internship program among others for undergraduates and recently there are demands to publish journals too by universities. It's still new but the progress is there
Most Indonesian youth wanted financial stability without actually struggling to earn it.
It's the same reason why Indonesians who are financed to study abroad by the government didn't want to return, because they prefer getting a high paid job instantly
@@ryannathaniel9296you just described Brazil. Maybe this is a problem middle income countries tend to have...
Corrupt mentality is the greatest thing that we have to get rid
Nice !!
Great video