PROSPEKTIF BISNIS INDONESIA PANCA PUTARAN URUGUAY

• Main Author: Perpustakaan UGM, i-lib
• Format: Article NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 1994
• Subjects: Jurnal i-lib UGM
• Online Access: https://repository.ugm.ac.id/19625/; http://i-lib.ugm.ac.id/jurnal/download.php?dataId=2457
• Institution: Universitas Gadjah Mada

ABSTRAKS Buoyed by the windfall oil revenues during the oil boom period (1973-1981) Indonesian non-oil exports have remained far behind. The plummeting oil and primary commodity prices in the early 1980's shocked the Indonesian government who then responded by accelerating the introduction of reform designed to stimulate and diversify non-oil exports. The steady increase of income and the fast growth of non-oil exports is proof of the sound macro-economic management that has been consistently implemented by the policy makers through out the development period. However, one crucial obstacle faced by Indonesia is the relatively high-cost economy and inefficient productive sector which has made Indonesian products less competitive to many low-labor cost economies such as China, Vietnam, Pakistan, India, etc. ' Meanwhile, globalization in almost every sector - creating "borderless" world - has indicated that the success of the development program of a nation will be highly dependent on the ability of the country to be competitive in the world market. Strengthening the trust towards increasing competitiVeness is even more important for a small country such as Indonesia. The need for increasing efficiency, the burden of increasing foreign debt, and the declining oil surplus has been the driving force of the reducing role of the government in the engine of development and an increased reliance on. the private sector. A total improvement in productivity and efficiency is the key, and it requires a total commitment from both the government as well as the private sector who will be in the forefront of the battle. This' article attempts to explore the impact of the new globalization environment post Uruguay Round, and discusses the opportunities and challenges as well as threats to the Indonesian trade and business community. For consideration of the Indonesian business world various strategies on how to gain maximum benefit of the opportunities are also summarized. Finally, the article will conclude with some suggestions on how to strengthen the existence of Indonesian products in the world market. Keywords: Indonesian business,