Dominance in economy<\/p>\n
Prof. Dr. Sumitro Djojohadikusumo, a noted senior economist,
\nspoke about the gap in the economy where economic tycoons get
\neasy access to business opportunities and funds from banks. The
\ngovernment also gives protection to their business and
\nindustries. The professor is very unhappy because the government
\nlacks sincerity in overcoming this gap.<\/p>\n
As a result of the dominance of large-scale businessmen over
\nmedium and small scale business, which has in fact been going on
\nfor long time, the creation of a strong entrepreneurship class in
\nsociety is inevitably obstructed. In other words, under these
\ncircumstances the Indonesian economy will not get stronger and
\nthe effort to achieve equity in the distribution of wealth and
\nprosperity will likely be thwarted.<\/p>\n
-- Kompas, Jakarta<\/p>\n
It is worth noting that economic strategies in many countries
\nare colored by struggles to abolish the rich-poor gap. Sri Lanka,
\nIndia, Thailand and the Philippines, for example, have worked in
\nthat direction. They have not been entirely successful because
\nthe problems are too complex.<\/p>\n
The concept of equity and economic growth should be related to
\nthe concept of justice. This can be redefined as meaning equal
\nopportunity for all parties, which can further be taken to mean
\nthat the government needs to introduce regulations that
\nfacilitate business operations for the 30 million or more small
\nbusiness people. Actively involving them in the economy will
\nraise the living standard of a large portion of the population.<\/p>\n
-- Bisnis Indonesia, Jakarta<\/p>\n
The establishment of independent investment funds to channel
\ncredits to the less-privileged businessmen is not enough to
\nguarantee them a stronger position in free market operations.
\nEradicating collusion and checking the conglomerates' greedy
\nactivities is the most important thing.<\/p>\n
-- Republika, Jakarta<\/p>\n
Without a clear-cut government directed policy to narrow the
\neconomic gap, it will be very difficult for medium and small
\nscale businessmen to improve their performance or catch up.<\/p>\n
-- Suara Karya, Jakarta<\/p>\n
Reallocation of investment and credit facilities for small
\nbusinessmen\/cooperatives is essential to achieve balanced
\neconomic growth. If ignored, the gap between the few dominating
\ngroups and the smaller class of entrepreneurs will widen
\nindefinitely.<\/p>\n
-- Pikiran Rakyat, Bandung<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/dominance-in-economy-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }