Indonesia's move to join BRICS presents both opportunities and economic challenges. There are several potential benefits to Indonesia joining BRICS: Indonesia's geopolitical role will be more strategic: Reduced dependence on Western countries and affiliated international institutions (IMF, WTO, World Bank, etc.); Strengthened South-South solidarity, where Indonesia can be more active in voicing the interests of developing countries on issues […]
In early 2025, Indonesia showed signs of economic slowdown, caused by the erosion of purchasing power, the shrinking middle class and declining sectoral productivity, which is also reflected in the dynamics of industry and employment (LPEM FEB UI, 2025). The manufacturing industry sector, which is the backbone of labor absorption, faces the challenge of premature deindustrialization (decreasing contribution to GDP, contribution to labor absorption […]
International trade plays an important role for the economy amidst the uncertainty of the global situation due to the prolonged Middle East conflict and the Russia-Ukraine crisis as well as disruptions to world food production due to El Nino. International trade performance can be seen from various indicators, including the trade balance, export and import values, export and import concentrations, use of imported goods and added value of goods that […]