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Indonesian Economy Leading to a Political Year and How Foreign Banks Can Play a Role in Development
[journal article]
Abstract Recently, Indonesia's economy records very high and stable economic growth. The growth is above 6 percent. Despite the world economic crisis, our economic growth is adequately resistant to turmoil from external crisis. The relatively high economic growth is mainly caused by high domestic demand, bot... view more
Recently, Indonesia's economy records very high and stable economic growth. The growth is above 6 percent. Despite the world economic crisis, our economic growth is adequately resistant to turmoil from external crisis. The relatively high economic growth is mainly caused by high domestic demand, both from consumption and investment. The question is how foreign banks can play a role in development of Indonesian economy? In this notes, I discuss several challenges posed by structural changes in Indonesia as well as opportunities for foreign banks to play a role in Indonesian financial development. ... view less
Keywords
domestic market; economic development (on national level); money market; economic growth; foreign investment; Indonesia; banking; Southeast Asia; developing country; structural change
Classification
National Economy
Document language
English
Publication Year
2014
Page/Pages
p. 121-127
Journal
Journal of ASEAN Studies, 2 (2014) 2
ISSN
2338-1353
Status
Published Version; peer reviewed