Fiscal and Monetary Policy for The Development of Indonesian Plantation
The global monetary crisis in 2007-2008 and the focus of development on climate changes<br />make it important to promote a healthy economic growth based on the local resources, The<br />economic crisis, which has slowed down the economic growth and has caused job losses<br />which...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2011-09-01
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| Series: | Economic Journal of Emerging Markets |
| Online Access: | http://jurnal.uii.ac.id/index.php/JEP/article/view/2278 |
| Summary: | The global monetary crisis in 2007-2008 and the focus of development on climate changes<br />make it important to promote a healthy economic growth based on the local resources, The<br />economic crisis, which has slowed down the economic growth and has caused job losses<br />which result in increasing unemployment and poverty, should alter the focus of Indonesian<br />economic development in the future to be based on renewable and sustainable local resources.<br />Indonesia is an agricultural and maritime country so these two aspects should be the<br />core of the growth. In agricultural culture, plantation sector is the source of sustainable economic<br />growth because of its geographical, demographic, and cultural potentials. The problems<br />in plantation sector are the low growth of areas and productivity as well as its limited<br />end-products. The research findings indicated that in order to increase areas, there should be<br />a guarantee on investment, interest rate, and little retribution or good governance. To increase<br />productivity, we need a guarantee on fertilizer price, interest rate, and wages, as well<br />as pricing factors to avoid market distortion. This is very important relating to the economic<br />stimulus policy which is essential to revitalize from the economic doom in the future.<br />Keywords: plantation sector, area, productivity, investment, interest rate, and wages |
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| ISSN: | 2086-3128 2502-180X |