June 28, p. 6
In the Global Competitiveness Report recently released by the World Economic Forum, Indonesian competitiveness has made a significant improvement.
According to the report, Indonesia ranks 44th among 139 countries, leaping by 10 places since 2005, the strongest progress among G20 member countries. The report states that “Indonesia now compares favorably with the BRICS, with the notable exception of China (27th). Indonesia precedes India (51st), South Africa (54th), Brazil (59th) and Russia (63rd)”.
A common indicator among the BRICS is their large population, and the report cites that among other indicators of social and economic improvement, Indonesia’s huge population and its growing middle class have helped improve its competitiveness. (By Stefan S. Handoyo, Jakarta)
Your comments:
Indonesians need to get over the fact that their children aren’t their retirement plan!
Ten babies = 10 retirement payments.
Kevin
The US
A typical economist: can’t see past the numbers to the people who make up the numbers.
Comparing Indonesia to America is ludicrous; maybe the populations are similar, and the GDP you like to reference so much is also near the same, but that is where the similarities end.
Look deeper than the numbers next time. You’ll be surprised by what you find.
Markus
Jakarta
You could do with a wider view of the world, my friend, and see the sun shines not from the fundamental sphincter of any nation.
Wayan
Bali
| Tue, 07/05/2011 7:00 AM
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