UNAIR NEWS聽鈥 Professor of Faculty of Economics and Business 东京热 (FEB UNAIR), Prof. Dr. (HC) Chairul Tanjung presented a public lecture 鈥Dinamika Perekonomian Global dan Dampaknya Terhadap Perekonomian Nasional (Global Economy Dynamics and their Effects on National Economy)鈥, on Monday March 21. The lecture held in Fajar Notonagoro was attended by hundreds of FEB UNAIR students from bachelor to doctoral degree.
鈥淭oday鈥檚 economy is borderless. So a country cannot be independent without any influences from others,鈥 said CT opening the public lecture. In his opinion, global economic condition must affect our national economy.
The former Chairman of National Economic Committee (KEN) considered present global economy as an aeroplane which the engines are having problems. The powerhouse of global economic development like China, BRICS, Europe, Japan, and The USA are facing challenges in moving their economy.
鈥淭his is what caused present global economy was full of uncertainty,鈥 he added.
Negative interest rate聽which is not common was applied in the present economic policy had been adopted by Japanese central Bank and Europe Central Bank.
鈥淭he objective was clear, to prevent money saved in a bank but channeled it to the market so the economy develops,鈥 he said.
Quantitative Easing聽(QE) policy which was stopped by American Central Bank of The Fed caused the foreign capital went away from developing countries like Indonesia, the falling price of main commodity especially oil contributed to the depression on global economy.
Related to the national economy, CT said that our national economy currently is getting better.
鈥淭he worst is over, but recovery is not fast enough. Our economic condition in the future won鈥檛 be worse from 2015, but the recovery is too slow,鈥 said the billionaire who owns CT Corp.
Related to infrastructure development which is massively done by the government is indeed essential but it cannot be considered as the main variable to achieve target of economic growth.
鈥淭he portion of state spending for economic growth was low,鈥 he said and explained that all this time national economic growth was mostly caused by domestic consumption sector. Therefore, he believed that one thing the government also needs to do to achieve the target of economic growth is by creating good business climate.
With the economic challenges right now, the bachelor of dentistry which turned into a businessman reminded the need of experienced 鈥榩ilot鈥 in formulating economic policies. He emphasized that it is important for the government to ensure food price stability for the people.
鈥淭hat鈥檚 the key. Eventhough we have to admit that it is the most difficult job in the world,鈥 said the former coordinating minister of economy.
In the end of his lecture, CT spread optimism by saying in every crisis creates opportunity. He encouraged the government to stick to 鈥檛housand comrades, zero enemies鈥 strategy. As a 鈥榮mall boat鈥, Indonesia should work well with all countries in the world and should not lean closer to a certain 鈥榖ig boat鈥 as it would rock the national economy. (*)
Author : Yeano Andhika
Editor : Nuri Hermawan
