(FEB NEWS) Monday, October 2, 2023, the Faculty of Economics and Business, Universitas Airlangga (FEB UNAIR) held a Public Lecture with speaker, Dr. H. Soekarwo, SH, M.Hum. – Member of the Presidential Advisory Council of the Republic of Indonesia, who discussed “How Strong Economic Growth is the Key to Economic Resilience and Revival towards an Advanced Indonesia”, in front of Masters and Doctoral students, not only from the Masters and Doctoral Programs of Economics, FEB UNAIR, but also from the PSDM Study Program, UNAIR Postgraduate School.
The Public Lecture was held in the Tirtodiningrat Hall, 2nd Floor of FEB UNAIR. In the lecture, Pakde Karwo explained about Strengthening Economic Resilience and Revival, Towards an Advanced Indonesia, in accordance with the goal of realizing a prosperous & sovereign nation as stated in Article 33 (National Economy) and Article 34 (Social Welfare), it is important to realize economic resilience in line with economic growth.
Economic growth from the supply side is increasing and this has an impact on the growth of the processing industry, trade growth, the Transportation & Warehousing Sector and the Accommodation & Food & Beverage sector.
Meanwhile, from the demand side, the domestic economy in 2022-2023 experienced an improving trend, despite facing various challenges: High inflation, Rupiah depreciation, and an upward trend in interest rates.
The decline in trade growth (exports-imports) in 2023, due to the influence of geopolitical dynamics due to the impact of the Russia-Ukraine conflict.
On the other hand, the government's limited fiscal capacity requires that the Stimulus Function Must be Optimal. In this case, to achieve economic growth, it is necessary to calculate investment needs with the assumptions: Economic Growth of 5.3% and ICOR 6.8.
Investment sources needed to drive economic growth in 2023: PMA, PMDN, PMDN NON FAS; Bank Credit; Government Spending; Trade Surplus.
Investment will not be optimal if it is not supported by human resources. Indonesia has entered a demographic bonus phase with the majority of the population of productive age so there are several things that need to be done so that demographics do not become a disaster, namely: Increasing Human Resource Competitiveness; Strengthening Upstream-Downstream Industry; and Inclusive Financing Access.
Pakde Karwo's discussion is certainly very inspiring for Masters and Doctoral students who are writing their Theses and Dissertations, so that many critical questions are submitted, in order to get an explanation from him.
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