Foreign economic trends and their implications for the United States. Indonesia. [Oil exports high, but GDP per capita still very low]
As a significant oil exporter whose other commodities have also maintained an enviable world market position, Indonesia is at present one of the more fortunate of the developing countries worldwide as well as in the more prosperous ASEAN region. Yet with a GDP per capita still around $400, high population, and limited resources in overcrowded and underemployed Java, Indonesia remains a poor country. Its large market, rapidly increasing exports and reserves, conservative monetary and fiscal policy, and possibly the highest rate of growth in ASEAN this year aside from Singapore, make Indonesia attractive for US business persons. There are also opportunities for the hardy and persistent foreign investor, as the Investment Coordinating Board under new and strengthened leadership has recently made progress in clarifying priorities and procedures.
- OSTI ID:
- 6941170
- Journal Information:
- Foreign Econ. Trends Their Implic. U.S.; (United States), Journal Name: Foreign Econ. Trends Their Implic. U.S.; (United States)
- Country of Publication:
- United States
- Language:
- English
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