Global Economic Disruption in Indonesia in Covid – 19 Pandemic (original) (raw)
Related papers
2020
Indonesia has made remarkable economic, political and social progress over the past two decades, as the government has embarked on ambitious reforms to modernise the country. Sustained and steady growth, sound macroeconomic policies, an increasingly accountable political system and progress in the social protection system have allowed the country to increase living standards and reduce poverty in both rural and urban areas. The COVID-19 pandemic has halted this progress and plunged Indonesia into a major crisis. Economic activity has contracted, foreign direct investment (FDI) has plummeted, and unemployment and income losses have risen sharply. Private investment, both foreign and domestic, can make an important contribution to a sustainable and inclusive recovery from the COVID-19 pandemic and resulting social and economic crisis. Reforms are needed to improve the investment climate in Indonesia and ensure investment contributions are maximised.
Business Strategy to Post-Covid-19 Economic Recovery in Toserba Cempaka, Bali
Jurnal Ekonomi Akuntansi dan Manajemen
UMKM atau Usaha Mikro Kecil dan Menengah merupakan salah satu jenis usaha yang paling produktif di Indonesia hingga saat ini. UMKM di Indonesia memiliki peran yang sangat strategis dan berdampak besar bagi perekonomian nasional. Pesatnya perkembangan UMKM di Indonesia sangat didukung oleh pemanfaatan fasilitas teknologi, informasi dan komunikasi secara optimal. Namun, di masa pandemi COVID-19, perkembangan UMKM sangat tertekan, apalagi saat lockdown diberlakukan. Penelitian ini menggunakan metode penelitian kualitatif dengan pendekatan deskriptif melalui fenomena lapangan. Hasil kajian saat ini yang berjudul “Strategi bisnis pasca pemulihan ekonomi covid-19 di toserba cempaka celukan bawang, Bali” menjelaskan bahwa dalam membangun suatu usaha sangat perlu memperhatikan kondisi internal terutama sumber daya manusia yang kompeten Keywords: Department Store, MSME Strategy, Covid 19
Examining the Challenges of the Crisis in Indonesia in Terms of Business Model Tactics
Innovative, 2024
Penelitian ini membahas tentang inovasi model bisnis sebagai perencanaan dan perancangan cara-cara baru dalam menjalankan bisnis, dengan perubahan dan perbaikan proses bisnis, baik secara internal maupun kolaborasi eksternal. Inovasi bertujuan untuk menciptakan proses kerja yang baru, sehingga meningkatkan nilai tambah bagi para pemangku kepentingan. Metode penelitian menggunakan pendekatan kuantitatif dan kualitatif, dengan melibatkan pemilik UMKM sebagai subjek penelitian. Pemilihan responden dilakukan secara non-probability purposive sampling. Melibatkan 110 UMKM di Indonesia, analisis statistik menggunakan SPSS versi 25. Temuan menunjukkan dua jenis model bisnis, start-up dan transformasi, mengindikasikan UMKM menciptakan strategi untuk mempertahankan bisnis. UMKM memaksimalkan aplikasi, media sosial, dan pasar online. Rekomendasi yang diberikan adalah UMKM fokus pada strategi inovasi model bisnis, tidak menunggu sumber daya baru, dan mendukung pemerintah melalui sosialisasi, infrastruktur, dan bantuan modal.
INDONESIAN GOVERNMENT POLICY AND SMEs BUSINESS STRATEGY DURING THE COVID-19 PANDEMIC
NIAGAWAN, 2021
Economic disruption by The COVID-19 pandemic has hit Indonesian economic heavily. The purpose of this study is to provide an overview of government policies and business strategies in Indonesia amid the COVID-19 pandemic. This study employed a qualitative approach with data sources of literature reviews. The results of the study indicate that the Indonesian Government has responded to the pandemic by issuing some policies regarding SMEs. There are several policies issued regarding the Micro and SMEs business. The policy is breakdown into five schemes namely (1) Social support; (2) SMES tax incentives; (3) Credit restructuring and relaxation (4) Working capital support stimulus; and (5) Collaboration with State-owned enterprise as the off-taker for SMES products. On the other hand, there are some SMES business strategies in adjusting amidst the Covid-19 pandemic in Indonesia. Those strategies are (1) Products innovation; (2) Customer and stakeholder relationship management;(3) Digi...
Imperatives for post COVID-19 recovery of Indonesia’s education, labor, and SME sectors
Cogent Economics & Finance
The article assesses the impact of COVID-19 pandemic on the Indonesian economy and the influence that repercussions from the pandemic have had on the country's long-term development goals and objectives. The article used backcasting approach to link expected development objectives and targets with current state of social and economic conditions. Results demonstrated a gap between long-term and current economic performance, attributable largely to the impact of COVID-19 pandemic on the economy and society. A drastic decline in aggregate demand due to contraction in household and corporate expenditure, investment, and exports sparked a surge in open unemployment and underemployment. While swift and wide-ranging government response helped to attenuate the impact of the crisis on the economy and vulnerable sections of society, COVID-19 pandemic impact compounded existing fundamental problems facing the Indonesian economy including de-industrialization, wide urban-rural, East-West, interregional digital divide; unemployment and underemployment; weak human resource development; low participation in global value chains; and low education effectiveness. Policy recommendations to nudge the economy and society back to its long-term development trajectory include initiatives to ABOUT THE AUTHOR Muyanja Ssenyonga, Jameaba, is an economist holding a PhD in economics from Gadjah Mada University (GMU), Yogyakarta. Research interests include cross-cutting topics including labor relations, Poverty and Inequality, financial stability and financial inclusion. Publications include but not limited to financial inclusion and financial stability, poverty and income inequality, and labor relations, and banking and digitalization. Professional experience includes serving as a visiting lecturer and researcher, Master Program in Public Administration (MAP-GMU), research fellow in Pavia University, Lombardy, Italy (spring 2016); Research fellowship South-South Cooperation, Santiago, Chile (spring 2013). The research on imperatives for the post COVID-19 pandemic Indonesian economy builds on previous research experience on the intersection of digitalization, financial institutions performance, educational effectiveness, and labor relations. Results underscore the fact that to attain sustainable effectiveness and competitiveness, it is imperative for economies to adopt and align their practices, procedures and institutions with emerging trends and drivers of best-practice performance.
INDONESIAN ECONOMY IS FACING SOME CHALLENGES AND NOW THE CORONAVIRUS APPEARS
Boletín del Observatorio de Comercio Internacional, 2020
Indonesia is a major economy on the Asian continent, the largest in Southeast Asia. With a population of approximately 270 million, it is expected that by 2030 it will be the fifth largest economy in the world. With these brief data, it is necessary for us to understand the economic dynamics adopted by this country. Unfortunately, the coronavirus will affect its growth level, which had been static, although solid, in recent years. In the framework of Edition N ° 15 of the International Trade Bulletin (BOCI) of UNLu, Mr. Sebastián Sterzer presents a brief overview of this country. See pdf file with the text.
The Activities of SMEs and The Role Indonesian Government During Covid-19 Pandemic
2020
Since the end of February 2020, Indonesia has not been spared the impact of the corona virus outbreakthat previously hit other countries in the world. Corona outbreaks hit various joints, especially the economicjoints. One of the economic subsectors most affected is SMEs, because almost 90% of the workforce in Indonesiais absorbed in this sector. Its contribution to GDP is quite large, reaching 60% or around Rp 8,400 Trillion.Theauthor tries to conduct this research with a descriptive method using secondary data from competent parties whodescribe the efforts that must be made from the SMEs themselves with what the Indonesian government is doingto overcome the impact of the spread of corona for SMEs in Indonesia.
Business Resilience during the Pandemic in Indonesia
International Journal of Economics, Business and Management Research
Micro Small Medium Enterprise (SME) is one of the main contributors to a nation's gross domestic product (GDP). However, with the currentCovid-19 pandemic, it has led to business closing and travel banning disrupting the SME business supply chain. Rahman (2020) highlighted that the SMEs are experiencing sales reduction, difficulty in financing the business and facing trouble in acquiring supply as well as distributing goods during the Covid-19 pandemic. The purpose of this study is to identify the SMEs resilience strategies during this challenging time. This study has taken a quantitative exploratory approach. Data were collected using an online questionnaire survey. Results indicate that SMEs focus on product differentiation as well as cost, financing and technology processes, thus suggesting the companies are resilient to disruptions. In addition, the result suggests that leveraging technology through e-commerce and digital marketing for business products and services facilita...
Indonesia's G20 Economy in 2022: Management Strategy and Challenges
Zenodo (CERN European Organization for Nuclear Research), 2022
From an economic standpoint, gaining the G20 Presidency (mainly if the meeting is physically hosted) is expected to result in various immediate advantages, including raising domestic consumption to Rp1.7 trillion, increasing national GDP to Rp7.4 trillion, and engaging MSMEs and employment. Around 33,000 people work in a variety of areas. Indonesia can also balance industrialized and developing nations' interests and goals. This is a descriptive sort of qualitative study that tries to describe or characterize an issue. Descriptive research aims to correctly and methodically characterize a population, situation, or phenomena. This form of study may provide answers to the what, where, when, and how, but not to the why. Unlike experimental research, correlational research does not control or modify variables; rather, it observes and measures them. 2022, G20. To begin, let us consider the global health architecture. This topic is concerned with worldwide fundraising, resilience, and consistent global health standards. Second, economic and digital transformation will include a reimagining of global economic governance via digital technologies. The third area of focus is energy transition, in which the G20 will promote the development of a more global energy system. A smooth and equitable transition. The Sherpa track will include discussions on critical subjects such as anti-corruption, agriculture, the digital economy, jobs, health, the environment, sustainable energy, trade, and development investment. The conversation will center on economic problems affecting the financial sector, such as taxation, monetary policy, and fiscal policy.