Habibie's strategy<\/p>\n
Recent disagreements on Habibie's suggestions have reached an
\nannoying stage. As an economist\/sociologist, I can understand
\nboth views. However, I'm not sure if lay Indonesians understand
\nthe points. What I am sure of is every Indonesian agrees on the
\nrole of Indonesian economists in achieving a sound economy. But
\ntheir disagreement to Habibie's hypotheses seems a little too
\nnarrow. Have significant successes in economic development been
\nthoroughly analyzed?<\/p>\n
Overall, consumer behavior has changed dynamically. Naturally,
\nthe social structure of Indonesian society has become more
\ncomplex than three decades ago. In short, it is no longer cateris
\nparibus as most economists would have assumed in their
\nmathematical analyses.<\/p>\n
On the issue of interest rates, most agree interest rates in
\nIndonesia are significantly high. With the improved capacity of
\nIndonesians to purchase products, this condition might have
\nadverse effects on the economy. To illustrate, about half the
\namount paid on total loans for property and goods could comprise
\ninterest pending alone. Even if consumers pay cash, many
\nproviders pass on their own responsibility to pay interest.
\nPathetic, is it not?<\/p>\n
I suggest the Indonesian economists join together and analyze
\nthe costs and benefits of Habibie's "zigzag" strategy, vis-a-vis
\nchanges in socio-economic structure. How will this strategy work?
\nUnder what assumptions? I am sure these questions have reasonable
\nanswers, and there is some merit in it.<\/p>\n
Please, give "Habibienomics" a chance to work.<\/p>\n
SRI PAMOEDJO RAHARDJO<\/p>\n
Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/habibies-strategy-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }