High cost economy

High cost economy

As emphasized by President Soeharto in his Independence Day
speech, deregulation measures are intended to prepare the nation
for a highly competitive economy in this era of globalization.

Also it is worth noting that the government's economic
measures are aimed at abolishing the high cost economy gradually.

Truly, the deregulation measures have led to the increased
volume of non-oil exports. But the export of non-oil commodities
has not as yet been supported by any improvement in efficiency.

The increase is mainly attributed to the availability of both
natural and human resources. Natural resources will continue to
be advantageous in the next decade, but the availability of cheap
labor cannot remain stable. We must adapt our working pace to the
rapid advance of the times. This is the challenge that has to be
faced.

-- Suara Karya, Jakarta