The economic impact of globalisation in Indonesia

Kiki Verico, M. Pangestu
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引用次数: 6

Abstract

Abstract: This paper analyses the economic impact of globalisation in Indonesia from the end of the 1960s to date. The analysis found that globalisation generated a positive impact on Indonesia’s economic growth through the trade and investment channel; reduced wage inequality and child labour participation; and increased labour absorption, including women's participation in the labour market. Through the trade channel, globalisation also contributed to Indonesia’s productivity and structural economic transformation, benefited small and medium-sized enterprises (SMEs), contributed to poverty alleviation and reduced inequality, and increased trade in services such as tourism. Through the investment channel, there is evidence of the spillover effect of technology transfer, technology progress, improvement of the role of SMEs, and contribution to poverty alleviation. The waves of open and more restrictive trade and investment policies, which Indonesia has gone through in the last few decades, reflect the political economy reality – that is, the impact of globalisation is dynamic and only felt in the medium term, whereas the cost and potential negative impact is often felt more immediately throughout trade creation. The trade creation increases imports from countries with which free trade agreements have been negotiated, thus decreasing the domestic producer surplus. Since globalisation will create net benefits in the long run, Indonesia should continue its process of globalisation and integration with the world economy to ensure the net benefits and to move forward in its structural transformation, while managing the costs of globalisation and its transition process.
全球化对印尼的经济影响
摘要:本文分析了20世纪60年代末至今全球化对印尼经济的影响。分析发现,全球化通过贸易和投资渠道对印尼的经济增长产生了积极影响;减少工资不平等和童工参与;增加劳动力吸收,包括妇女参与劳动力市场。通过贸易渠道,全球化还促进了印度尼西亚的生产力和经济结构转型,使中小企业受益,有助于减轻贫困和减少不平等,并增加了旅游等服务贸易。通过投资渠道,技术转移、技术进步、中小企业作用提升和扶贫贡献的外溢效应显现。印度尼西亚在过去几十年中所经历的开放和限制性更强的贸易和投资政策浪潮反映了政治经济现实- -即全球化的影响是动态的,只能在中期感受到,而成本和潜在的负面影响往往在整个贸易创造过程中更直接地感受到。贸易创造增加了从与之谈判达成自由贸易协定的国家的进口,从而减少了国内生产者的盈余。由于全球化从长远来看将创造净利益,印度尼西亚应继续其全球化和与世界经济一体化的进程,以确保净利益并在其结构转型中向前迈进,同时管理全球化及其过渡过程的成本。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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