Fri, 14 Aug 2009
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono stressed here Friday that Indonesia should strengthen its domestic economy and domestic market.

"In the future we have to strengthen the domestic economy, the domestic market and we should never become dependent on potential exports as the source of our growth," the President said in his state-of-the nation address in a plenary session of the House of Representatives (DPR) in the parliament building here.

"Obviously, therefore, an export-oriented strategy is not our choice," Yudhoyono said.
On the other hand, the national economy should have a territorial dimension, with an economic growth spreading throughout the entire homeland, he said.

"We should draw a lesson from the major economic crisis taking place at present, and produce great ideas on the direction and strategy of our economic development," he said.

The president on the occasion also mentioned the paradigm and grand strategy of the country`s economic development.

"First, Indonesia`s economic development in the future has to integrate even more the approaches of resources, knowledge, and culture at our disposal," he cited.

"Indonesia`s economy, the economy of 230 million people, the number of which will continue to increase, economy of homeland covering an area of eight million square kilometers, should also be sustainable," Yudhoyono said.

"The economic growth which we have selected and pursued is the growth with equity, in order to really bring about a sense of fairness," he cited.

Indonesia must continue to consolidate the self-reliance and resilience of certain economic fields or sectors, particularly food and energy.

The national economy must be promoted on the basis of comparative advantage and, at the same time, competitive advantage. And finally, a national economy is needed, which is based on market mechanism for efficiency and also for providing space for the proper government role aimed at ensuring justice.

"In essence, we must not be ensnared, surrender to and held hostage by fundamental global capitalism, that often times create injustice to us all," the president reminded.

On the other hand, a superior nation is a nation capable of coping with the situation and contributing to problems of humankind. The key is innovation, including and in particular technological innovation, which we should fundamentally and continuously carry out.

Only an innovative, adaptive and productive nation which will be able to secure its survival and be glorious on this planet, he explained, adding that herein lies the prominent role of research, development and application of excellent technology and culture, as well as entrepreneurship.

In the meantime, looking into the future, it is a certainty for Indonesia to continue to build both culture of excellence and great civilization.

"From the two matters, we develop the character, spirit, and perseverance of our nation. This is also how our national identity is being molded," he said.

In this connection, the role of education, in the widest sense of the word, is extremely important. "This is the reason that we must continue to secure the successful reform of education," the president added.(*)



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