Indonesia Economic Growth Anomaly

Indonesia Economic Growth Anomaly In the midst of a world in crisis, Indonesia's economic growth record positive results. Economic growth in the second quarter of this year reached 6.4 percent compared with the same period last year. The concentration of growth remains concentrated in Java Island with 57.5 percent rate. Cumulatively, Indonesia's economic growth in the first half of 2012 is better than the first half of 2011 grew by 6.3 percent. But according to economists Indonesia for Global Justice, Salamuddin Daeng, Indonesia's economic growth quite anomalous. The reason is because economic growth was not followed by an increase in social welfare. There are four factors, said Daeng, which makes economic growth anomalies. First, Indonesia's economy is driven by a number of external debt continues to rise. "Indonesia's debt accumulated Rp 2870 trillion. Foreign debt increased every year. Debt went on to become the main source of government revenue and the driving force of economic growth, "he said. Second, economic growth is driven by increased consumption resulting from rising prices of food and clothing, as well as sustained loan growth in particular consumer credit. The third factor, the export-driven economic growth in raw materials, such as minerals, oil and gas, plantation and forest, so not much to create added value and employment. Finally, economic growth fueled by foreign investment that makes natural resources increasingly controlled by foreigners. Economic analyst at Gadjah Mada University, Yogyakarta, A Tony Prasetiantono states, the domestic sector to support the growth of the national economy. "Transmission of the global crisis through reduced exports and trade balance deficit will be felt in the third and fourth quarters of this year. Moreover, the contribution of exports to GDP is not great, "said Tony. Similar delivered economist Mirza Adityaswara. Some sectors of the domestic economy to grow, driven by low interest rates that appear from 26-28 per cent credit growth (yoy) as well as driven by the price of fuel oil (BBM) is low because it is still subsidized. "Therefore, the high growth experienced in the domestic-oriented sectors, such as trade, manufacturing, automotive, transportation, communications, and construction," said Mirza. He added that due to high growth in the domestic-oriented sector, the trend trade deficit will increase. According to Tony, the faster government spending and the growth is also quite helpful. As it is, controlled inflation below 5 percent is quite helpful, even though it is no effect, the swell energy subsidies actually tend to be healthier. http://www.beritakaget.com/berita/1928/pertumbuhan-ekonomi-indonesia-anomali.html