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Jakarta Post

Globalization dying down in face of digitization: BI governor

  • Ni Komang Erviani

    The Jakarta Post

Kuta, Bali   /   Fri, August 30, 2019   /  01:19 pm
The Jakarta Post Image
Bank Indonesia governor Perry Warjiyo waves to journalists after a media briefing at his office in Jakarta in this file picture.(Antara/Muhammad Adimaja)

The latest economic challenge in today’s era is the dying down of globalization as evidenced in more inward sentiment in trade and the increased use of digital tools in economics and finance, Bank Indonesia (BI) governor Perry Warjiyo says. “Pushing forward with more innovation in the digital era is needed. However, digital innovation should be balanced with national economic stability,” Perry said in a speech in front of hundreds of researchers and scholars from 16 countries at the Bulletin of Monetary Economics and Banking (BEMB) International Conference and Call for Papers in Kuta, Bali, on Thursday. Perry said the world faced the dying down of globalization and the rise of digitalization. More countries are increasingly inclined to prioritize domestic economic potential in response to tensions in international trade, he added. “Trade tension between t...