Global Financial Crisis for Four Important Economic Sectors in Indonesia
Global Financial Crisis for Four Important Economic Sectors in Indonesia
The global economic crisis that occurred in several countries of the world in economy sector has resulted in higher volatility in weaker economic growth. European region in the global have monetary crisis that caused by the national debt of Greece, also Ireland and Portugal have same problem, and eventually affected almost the entire European Union, the political deterioration of Countries in the Middle East, the nuclear issue in Japan that could interfere with the industry in Japan, and economic growth of United States is weak. The global financial situation is getting worse is a major threat to Asia, especially Indonesia which had received the impact of financial crisis in previous years. The main impact that will happen in Indonesia is the financial sector and the trade sector is particularly vulnerable to the effects of the crisis. The rupiah weakening due to global economic crisis will make imports more high performance than exports. Indonesia became one of the countries that will have a negative impact of the recession-decline in trading activity the United States. The global financial crisis that is too long cause other effects that are marked by the withdrawal of funds in foreign currency especially the United States dollar by financial institutions, creditors and investors in the United States. Withdrawal is made by selling shares and securities are debt securities previously purchased in dollars. Withdrawal of funds is also done by withdrawing the funds that have been placed on banks in Indonesia. This financial crisis led to funds repatriated, causing large amounts of equity and debt securities in large quantities. Instability of commodity prices will make investors lose confidence to Indonesia for cooperation in the long term that resulted in investors looking for alternatives to face the global financial crisis. Subcontracted workers and workers is one of the people who have
The global economic crisis that occurred in several countries of the world in economy sector has resulted in higher volatility in weaker economic growth. European region in the global have monetary crisis that caused by the national debt of Greece, also Ireland and Portugal have same problem, and eventually affected almost the entire European Union, the political deterioration of Countries in the Middle East, the nuclear issue in Japan that could interfere with the industry in Japan, and economic growth of United States is weak. The global financial situation is getting worse is a major threat to Asia, especially Indonesia which had received the impact of financial crisis in previous years. The main impact that will happen in Indonesia is the financial sector and the trade sector is particularly vulnerable to the effects of the crisis. The rupiah weakening due to global economic crisis will make imports more high performance than exports. Indonesia became one of the countries that will have a negative impact of the recession-decline in trading activity the United States. The global financial crisis that is too long cause other effects that are marked by the withdrawal of funds in foreign currency especially the United States dollar by financial institutions, creditors and investors in the United States. Withdrawal is made by selling shares and securities are debt securities previously purchased in dollars. Withdrawal of funds is also done by withdrawing the funds that have been placed on banks in Indonesia. This financial crisis led to funds repatriated, causing large amounts of equity and debt securities in large quantities. Instability of commodity prices will make investors lose confidence to Indonesia for cooperation in the long term that resulted in investors looking for alternatives to face the global financial crisis. Subcontracted workers and workers is one of the people who have
Bibliography: 1. (2012) TRADING ECONOMICS : Indonesia Inflation Rate http://www.tradingeconomics.com/indonesia/inflation-cpi ( last access, july 2nd, 2012) 2. Anugerahwati, Puji (2012). Trade Outlook Juni 2012. http://www.danareksaonline.com/BeritaRiset/EconomicResearch/tabid/321/articleType/ArticleView/articleId/1185/Trade-Outlook-Juni-2012.aspx (last access, May 28th, 2012) 3. Siregar, Hermanto., Hasanah, Heni., & Achsani, Noer Azam. (2012) Impact of the Global Financial Crisis on the Indonesian Economy Further Analysis using Export and Investment Channels [pdf], http://www.europeanjournalofsocialsciences.com/ISSUES/EJSS_30_3_10.pdf (last access, July 1st , 2012)