ASEAN ECONOMIC COMMUNITY IMPACT TO ECONOMIC CONDITION IN INDONESIA

Story by: Hanna Dalimunthe
Published: May 20, 2019
Viewed 28 times

Hanna is a passionate advisor who guides trader in Indonesian stocks market. She spent number of years for UOB Kayhian Premiere as a trading advisor. She will make you fully committed and transform you into a credible trader in the financial market.

Story by: Hanna Dalimunthe
Published: May 20, 2019
Viewed 28 times

Hanna is a passionate advisor who guides trader in Indonesian stocks market. She spent number of years for UOB Kayhian Premiere as a trading advisor. She will make you fully committed and transform you into a credible trader in the financial market.


ASEAN ECONOMIC COMMUNITY IMPACT TO ECONOMIC CONDITION IN INDONESIA

Do You Know Traders?

The problem Implementation of the MEA in Indonesia called “Masyarakat Ekonomi Asia” or the ASEAN Economic Community is still far behind compared to the national political issues that are preferred in the ears and screens of our updated gadgets. But traders or investors should know, do not let MEA escape our attention. Free trade between the ASEAN region countries will definitely create a tight competition and profit even if we do not need to get ready to deal with it.

The MEA or “Masyarakat Ekonomi Asia” that has been rolling out since a few years ago and will become a continuous program. For this reason, awareness and act are needed from all elements of the nation to take part in making preparations. Public policy to do MEA does not make people in Indonesia feel scare and makes unable to be creative and dare to take risks.

Then, what do we need to understand and we "underline" the implementation of the MEA? I will explain below and will convey it to you. 
 

MEA as Unifying the ASEAN Economy 

Bali's initial agreement in 2003. The ASEAN Economic Community (MEA) will take effect in 2020. However, at the 2007 Kuala Lumpur Summit, delegates expressed urgency to accelerate the launch of the MEA by taking time in 2015. In fact, before the implementation of the AEC, similar cooperation related to economic cooperation was launched, such as ASEAN +3 (cooperation between ASEAN countries and three countries in East Asia, namely China, Japan and South Korea) and ASEAN +6 (cooperation ASEAN +3 is updated by adding three countries, namely Australia, New Zealand and India).

Actually, MEA can be ilustrated with two sides of a coin. On the one hand it can be very profitable with a variety of opportunities offered, on the other hand it might weaken the condition of the Indonesian economy itself. Of course, all of that goes back to all elements of the nation, including the Government and the Indonesian people to behave wisely and progressively to meet the MEA for the sake of mutual prosperity as envisioned in the MEA.

MEA Will Increase Gross Domestic Product (GDP) 


 

Gross Domestic Product (GDP) is the total number of numbers produced in one production process, both individuals / companies and countries. GDP is one of the indicators used as the goal of the four pillars of the MEA, namely equity and economic justice for all countries in the ASEAN region. Data from various related agencies and those who take care of this state that the impact of the MEA on the ASEAN community is quite significant. 

Investment around ASEAN is also the framework of the MEA. It also has a significant impact on poverty alleviation. Believe it or not, Investment can make the greater income and will increase the opportunities for employment. From the explanation that has been described, it can be concluded that the MEA can have a positive impact on two demographic aspects, namely poverty reduction and increasing social class. In addition to goods and services, MEA is also a competition for human resources (HR). This happens because the involvement of skilled workers is no longer only from within the country, many skilled workers from other countries in the ASEAN region have also begun to fill the availability of jobs in Indonesia. Therefore, improving the quality and quality of Indonesia's human resources through educational channels needs to be continually initiated. Not only in terms of employment, the competitiveness of domestic products, especially those produced by entrepreneurs or SMEs, also needs attention.
 

MEA Gives Opportunity for Foreign or Domestic Investors to Invest 


 

Last but not least, MEA can invite investors to invest domestically. Investments that are followed by the opening of employment also need to be a concern of the government, not to exploit. Especially for natural resources (SDA) Indonesia without proper control. In these conditions the need for a strict regulation from the Government of Indonesia is needed to guard the use of Indonesia's natural resources so that exploitation is not detrimental to the public or the state. In my opinion, the MEA is the ultimate goal of the "integration" of the economic community in Southeast Asia. This is the idea of leaders and predecessors who must be appreciated, especially by all elements and components of Indonesian society. Keeping away or being indifferent to the implementation of the MEA is clearly a very unwise decision. The right attitude to face this economic wave is to continue to work and work in order to give the best and hone the potential of individuals in facing the economic climate which is certainly increasingly competitive.

Never look at it as a threat, but look at this phenomenon as an opportunity to strengthen the resilience of the domestic economy. Therefore, let us jointly fill this MEA with the development and development of potential things whose uses have an impact on many people in ASEAN, especially the Indonesian people. Because sooner or later, liberalization in the economy will occur and on average this is indeed not expected by some countries (especially developing countries like Indonesia). Recognizing one's own weaknesses and immediately fixing them is a defensive and most appropriate step to maintain the stability of the personal and state economy. Thinking about long-term programs and realizing them without being "complicated" with long-winded things will encourage acceleration in various fields, especially the economy.

RECOMMENDATION FROM EXPERT:

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Pada 1 Februari 2014, Gema Merdeka Goeyardi, MM, CAT, President Director & Founder Astronacci International menerima penghargaan rekor dunia dari MURI (Museum Rekor Indonesia) atas rekor "Metode Proyeksi Keuangan Pertama Menggunakan Ilmu Astrology dan Bilangan Fibonacci" di Jakarta. [ read more ]

Awards

Pada 1 Februari 2014, Gema Merdeka Goeyardi, MM, CAT, President Director & Founder Astronacci International menerima penghargaan rekor dunia dari MURI (Museum Rekor Indonesia) atas rekor "Metode Proyeksi Keuangan Pertama Menggunakan Ilmu Astrology dan Bilangan Fibonacci" di Jakarta. [ read more ]