TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia crucial to Western Australia’s future prosperity

  • Stephen Smith

    -

Jakarta   /   Wed, March 6, 2019   /  02:11 pm
Indonesia crucial to Western Australia’s future prosperity Flags of Indonesia and Australia with a white flag in the middle. (Shutterstock/-)

Two essential pillars underpin Australia’s prosperity: We are a great trading nation and an attractive place for foreign investment. Since the 1950s, our trade has expanded from wheat, wool and gold to include iron ore, liquefied natural gas, high tech manufactures and world class services. Our export markets now extend beyond the United Kingdom and Europe to Asia, in particular China, Japan and Korea. Foreign investment has also shifted beyond the UK. Our top ten list now includes the United States, Japan, China and Singapore. As Western Australia Treasurer Ben Wyatt pointed out in an erudite presentation to a Perth business breakfast last week, these shifts have coincided with the global economic center of gravity moving towards Australia. Between now and 2050, that global center will inexorably move south and west, even closer to Australia. And most importantly, to Aust...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.