Is Indonesia ready
\nfor single currency?<\/p>\n
Wouldn't life be much easier if the prices of basic
\nnecessities were the same as before the monetary crisis? Wouldn't
\nit be nice to have money in the bank for unexpected expenses like
\nhealthcare?<\/p>\n
These things would all be possible if Indonesia had sound
\neconomic and social policies. After several years of trial and
\nerror, Indonesia is slowly getting back on its feet.<\/p>\n
What can be done to speed up this process and ensure that all
\nIndonesians benefit from this economic growth?<\/p>\n
With a new president in charge, people can only hope and pray
\nthat corruption will be reduced so that the daily life of
\nIndonesians can be improved and they all get an equal chance to
\naccess education, thereby improving the quality of their own
\nlives and the lives of their families. Also, when sick, people
\nwill be able to go to the hospital and get proper medical care at
\nan affordable price.<\/p>\n
All the basic necessities mentioned above should be available
\nto all the people on the Earth, but for a developing country like
\nIndonesia and other countries in the Southeast Asia region, most
\nof these needs cannot be obtained due to endemic poverty.<\/p>\n
Money makes the world go around, and even though it is not the
\nmost important thing in life, it has long been one of life's
\nnecessities.<\/p>\n
Indonesia is one of the poorest countries in the Southeast
\nAsia region and, therefore, it is very difficult to improve the
\nlives of all Indonesians. Choices need to be made in order to
\nimprove the standard of living, and it takes a strong and
\ndetermined president who is not afraid and, more importantly, is
\nwilling to do everything in his power to make these choices.<\/p>\n
So, what choices can our president make? What can he do to
\nimprove the standard of living? When thinking about these
\nquestions, we may differentiate between the short-term and long-
\nterm advantages that may be gained. In the long run, a single
\ncurrency for the Southeast Asian Region could benefit Indonesia.
\nA single currency would improve Indonesia's negotiating position
\non the international market and attract foreign direct investment
\ndue to lower risks associated with exchange rates.<\/p>\n
This may all sound good on paper, but it has also proved
\nsuccessfully in practice. Since the adoption of the single
\ncurrency in the European Union, the smaller and weaker economies
\nhave benefited the most.<\/p>\n
KNUT J. MO
\nSurabaya<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/is-indonesia-ready-1447899208",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}