It is interesting to note that Indonesia could be immune to global turmoil as stated by Rintaro Tamaki, deputy secretary-general of the Organization for Economic Cooperation and Development (OECD) at the ASEAN Business Summit in Phnom Penh last month.
Indonesia’s economy will grow by an average 6.4 percent from 2013 to 2017 — the fastest among the 10 ASEAN member countries.
This reminds me of similar comments made by international financial organizations before the crisis in 1998, which praised the Indonesian economy as being healthy with stable economic growth that was
managed in prudent ways.
Everybody was optimistic about the Indonesian economy at that time and nobody expected a severe economic crisis with multidimensional impacts to strike.
Although the Indonesian economy is currently encouraging, it is good to remain alert to the dangers. Befor...