G20, Indonesia, and the Crisis PDF Download

Author: Susilo Bambang Yudhoyono
Publisher:
ISBN:
Category :
Languages : en
Pages : 60

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Author: Hendri Saparini, SE., M. Phil., Ph.D.
Publisher: PT Core Nusa Perkasa
ISBN: 6027396636
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
For the first time, Indonesia has held the presidency of the G20, a forum formed to find joint solutions to global economic conditions. This forum, which represents 80% of the world economy, 75% of international trade, and two-thirds of the world's population, certainly determines the direction of world economic policy. Indonesia as the only representative country from ASEAN which is a member of the G20 as well as a developing country can play a role in encouraging and determining the direction of discussion in the interests of developing countries. In addition, Indonesia has the opportunity to encourage the world's collective efforts to realize policies that can accelerate global economic recovery inclusively and sustainably. Important agendas related to national interests that cannot be separated from global economic governance must also be voiced. The big theme of the 2022 G20 Indonesia Presidency is "Recover Together, Recover Stronger", this theme was translated into various issues in two tracks, namely the Sherpa track and the financial track. As the title of the book, namely "INDONESIA'S STRATEGIC ROLE IN THE G20 ACCORDING TO THE VIEWS OF EXPERTS" this book discusses in detail how Indonesia's strategic role in each of the issues in the sherpa track and financial track. This book raises several issues in the Sherpa Track such as agriculture and food security, energy transition, environmental and climate sustainability, and development issues such as inequality, gender, digital economy, trade, and investment. In addition, there are issues in the Financial Track that are written in this book, namely the issue of debt challenges in countries, especially developing countries, cyber risk, financial inclusion and scarring effects, and exit strategies to recover and recover from the Covid-19 pandemic. This book is the result of a real contribution of economists' ideas on various topics, especially the Indonesian economy, and was prepared in preparation for the G-20 Summit to be held in Bali in November. The diversity of backgrounds of the authors provides a new color and enriches the prospects in presenting leading thinkers to unravel Indonesia's economic problems. As is well known, the Covid-19 pandemic has had a scarring effect on the Indonesian economy, resulting in an increase in unemployment, poverty, and inequality and has caused an economic slowdown. Some of the most impactful sectors are the accommodation and transportation sector, the tourism sector, to Small and Medium Enterprise (SME/UMKM). Even developing countries are expected to suffer more injuries than countries with advanced economies. More serious efforts are needed to support inclusive, fair, and sustainable growth. The policy choices of developed countries to restore the domestic economy created new worries for the world. This is because developing countries have a limited ability to provide policy support which is the factor behind the relatively slower recovery compared to developed countries. Pandemic recovery is proceeding unevenly in each country requiring a different exit strategy, depending on the economic structure, quality of available resources, and governance in making supportive policies. It is very important for all countries to understand the problems facing the world and each country's policy choices for exiting and recovering from a pandemic, not just G20 members. Therefore, Indonesia's presidency at the G20 Summit in 2022 is crucial in overcoming this problem, because the G20 countries with the world's largest economic power must be the prime mover to help developing countries both get out of the pandemic crisis trap and face uncertainty due to various social, economic problems. and politics. The main agenda of the G20 meeting is to encourage cooperation to create an inclusive, strong and sustainable world economic governance. Several agendas that can be agreed on globally such as climate change and green economy, transformation towards digitalization of the economy, global food security and precautionary recovery policies so as not to add to global problems. There must be an understanding from all G20 members that there are problems and solutions that are unique in nature because of the different social, political, economic strengths and challenges in each country. Actually, the concept of green economy is not a new concept. However, recently the world has only recently realized the importance of transforming the global economic approach so that it becomes sustainable. The G20 Forum is a kind of declarator again to encourage the implementation of this concept at the global level. Moreover, G20 countries contribute 80 percent of global carbon emissions and therefore G20 countries must show their seriousness to reduce global carbon by implementing various policies that support carbon reduction efforts. In addition, digital transformation is also a priority agenda in the G20 forum. The Covid-19 pandemic, which has escalated the acceleration of digital transformation, has encouraged the adoption of digital technology by economic actors. During the pandemic, technology has opened up space for online marketplaces and services that are increasingly needed. Even digital businesses run by women entrepreneurs in all developing G20 countries have significantly expanded during the COVID-19 pandemic. The digital-based economy continues to grow and is believed to be one of the drivers of future economic growth despite being faced with various challenges. Even in the issue of world trade, Indonesia needs to voice the importance of reviewing the direction and management of world trade after the Covid-19 pandemic in the G20 forum. The G20 countries need to support a balance between the conventional principles of open trade and the needs of each country to achieve a stronger and more sustainable long-term economic recovery. There are still many other roles for Indonesia in voicing various issues at the G20 forum, so what is Indonesia's other role in promoting an inclusive and collaborative post-pandemic economic recovery for G20 countries and others?

Author:
Publisher:
ISBN: 9786020665702
Category :
Languages : en
Pages : 0

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Author: Vladimer Papava
Publisher:
ISBN:
Category :
Languages : en
Pages : 14

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According to the World Bank statistical data, a leading G20 country in economic growth in the post-crises period is China. Appearing next after China in economic growth in the post-crises period are Indonesia and India. The paper proposes adjusting the levels of economic growth based upon the hypothesis of proportional overlap for the catch-up effect after which they can be used to compare economic growth across regions. After the adjustment for the catch-up effect of the economic growth ratios, the leading G20 countries in economic growth are Australia, the USA, Canada and Saudi Arabia.

Author: Mr.Luis E Breuer
Publisher: International Monetary Fund
ISBN: 148433714X
Category : Business & Economics
Languages : en
Pages : 336

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Analytical work on Indonesian macroeconomic and financial issues, with an overarching theme on building institutions and policies for prosperity and inclusive growth. The book begins with a 20-year economic overview by former Finance Minister Chatib Basri, with subsequent chapters covering diverse sectors of the economy as well as Indonesia’s place in the global economy.

Author: Colin I. Bradford
Publisher: Brookings Institution Press
ISBN: 0815721455
Category : Political Science
Languages : en
Pages : 369

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Offers steps to bring the G20 into even more relevance in becoming a leading force in the global economy, rivaling even that of the G8. Original.

Author: Hal Hill
Publisher: ISEAS-Yusof Ishak Institute
ISBN: 9814843067
Category : Business & Economics
Languages : en
Pages : 472

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By any indicator, Indonesia, the fourth most populous nation on earth, is a development success story. Yet 20 years after a deep economic and political crisis, it is still in some respects an economy in transition. The country recovered from the 1997–98 crisis and navigated the path from authoritarian to democratic rule surprisingly quickly and smoothly. It survived the 2008–09 global financial crisis and the end of the China-driven commodity super boom in 2014 with little difficulty. It is now embarking on its fifth round of credible national elections in the democratic era. It is in the process of graduating to the upper middle-income ranks. But, as the 25 contributors to this comprehensive and compelling volume document, Indonesia also faces many daunting challenges — how to achieve faster economic growth along with more attention to environment sustainability, how to achieve more equitable development outcomes, how to develop and nurture stronger institutional foundations, and much else. “This is a timely and much-needed book. There are very few recent books on Indonesia with such a comprehensive analysis of not just mainstream economic policies, but also most importantly the key issues of human capital, inequality, social welfare, labour, food security and natural resource management. This book will not only be crucial for policy discourse but for all stakeholders who care about Indonesia making the transition not only to a high-income economy, but an inclusive one.” — Mari Pangestu, Faculty of Economics and Business, University of Indonesia “The Indonesian Economy in Transition: Policy Challenges in the Jokowi Era and Beyond is one of the most important books that discusses the Indonesian economy post–Asian Financial Crisis. A must-read for anyone who wants to understand contemporary Indonesian economy.” — M. Chatib Basri, former Minister of Finance of Indonesia

Author: Richard E. Baldwin
Publisher:
ISBN: 9781907142239
Category : Business & Economics
Languages : en
Pages : 112

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The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Author: Andrew Fenton Cooper
Publisher: Oxford University Press
ISBN: 0199588864
Category : Political Science
Languages : en
Pages : 990

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Including chapters from some of the leading experts in the field this Handbook provides a full overview of the nature and challenges of modern diplomacy and includes a tour d'horizon of the key ways in which the theory and practice of modern diplomacy are evolving in the 21st Century.

Author: Muhammad Ammar Hidayahtulloh
Publisher: Penerbit BRIN
ISBN: 6237425888
Category : Social Science
Languages : en
Pages : 410

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COVID-19 has disrupted all aspects of human life. To mitigate the impact of Cthe pandemic, several efforts have been taken, including by Indonesian scholars abroad. This book entitled Indonesia Post-Pandemic Recovery Outlook: Social Perspectives explores social issues and topics related to the COVID-19 pandemic and discusses post-pandemic recovery efforts in Indonesia. Comprising of 15 chapters, this book is divided into three parts. The first part, Indonesia and COVID-19 recovery: an international political economy lens, focuses on Indonesia's role in responding to international issues and the global political economy during the pandemic and post-pandemic period. Second, Indonesia and COVID-19 recovery: socio-cultural perspectives, discusses the impact of the pandemic, government policies, and activism from marginalized and vulnerable social groups, including people in urban slum areas, women, migrant workers, persons with disabilities, and traditional arts workers. The last part, Indonesia and COVID-19 recovery: insight for future education, explores the future of education in post-pandemic Indonesia with all aspects that need to be considered, including access to technology, the importance of digital literacy, and innovation regarding methods and the potential of metaverse education in emergency situations. We hope that this book can be a valuable reference for stakeholders, policymakers, as well as society to recover from the pandemic crisis and find better solutions to benefit future generations.