Indonesia moved up 10
places to 44th in the latest Global Competitiveness Report (GCR) for 2010-2011
published in the World Economic Forum in Beijing
on Thursday.
Trade Minister Mari Elka Pangestu said Indonesia was deemed capable of
maintaining its macroeconomy at a healthy level and of improvement in the education
sector, despite the global crisis.
“This [ranking] mirrors improvements in Indonesian economic conditions,” Mari
said as quoted by Antara state news agency.
Indonesia trails Southeast
Asian neighbors Singapore, Malaysia and Thailand but with a narrower
margin. The three countries rank third, 26th and 38th respectively.
Switzerland tops the global
ranking, which saw Nordic countries continue to be well positioned on the
roster, with Sweden (second),
Finland (seventh) and Denmark
(ninth) among the top 10.
Other factors that contributed to the improvement in Indonesia’s competitive index
included the country’s favorable bureaucracy and business climate.
But Mari admitted infrastructure and logistics remained the main challenges Indonesia had
yet to cope with. “They are our unfinished projects, but the government considers
them a priority,” she said.
The report recommended that Indonesia
made more effort to eradicate TB and malaria, curb the infant mortality rate,
and boost the use of information technology.
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