Indonesia in The Emerging Global Knowledge Economy : Demand Side Pressures to Upgrade  

Oleh:

Ray, David

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: International Journal of Business vol. 1 no. 2 (Sep. 1999), page 1-36.
Topik: economy; demand side pressure; global economic; global knowledge economy; world demand growth

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: II51.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The global economic context within which indonesia has been able to grow rapidly over the past 30 year period is expected to be significantly different to that in the next 30 years. While there are a host of factors expected to contribute to this change, there is perhaps none more fundamental than the combined effect of the trend toward international economic deregulation and the on going revolution in information and communications technologies, leading to the emergence of what many refer to as the global knowledge economy. An important implication of the emergence of the global knowledge economy is a fundamental transformation in consumption and production activities all over the world. This in turn suggests that demand conditions in international trade should be changing rapidly in favor or more knowledge intensive products and industries. Thus, orientation to world demand growth can represent a useful indicator of a particular country's ability to participate in the global knowledge economy. The first section of this paper will measure indonesian export orientation to world demand growth as a means to assess the challenge posed by changing global conditions to the indonesian economy, and also to assess indonesia's comparative performance within those changing circumstances over the 1980 - 85 period. The results of the empirical analysis in this section suggest that indonesia has been improving its orientation toward high growth industries, particulalry in the post - deregulation period, but nevertheless continues to exhibit a less dynamic export structure than most other countries in the region. The second section provides a more qualitative analysis of those demand side pressures which compel low wage and commodity exporting countries such as indonesia to upgrade to more knowledge intensive activities. These include international trends which affect demand for agriculture and other primary products as well as recent trends within manufacturing which adversely affect low technology and labor intensive producers.

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