Good evening lecture and friends, I am standing
here today want to give a scpeech about economic crisis. I will talk about two
main problems in indonesia’s crisis which is high unemployment and debt state.
Bank Indonesia reported that Indonesia is debt reach approsimately 3.400
trillion. There is few cause of high unemployment that happen in Indonesia.
First, economic growth is much smaller
than workforce. Second, the number of jobs provided fewer than the number of
job seekers. And last, the dismissal because the company closed down or reduced
line of business as the economic crisis or unfarvor able security, regulastions
that detain investment, barriers export and import. The next main problem in
Indonesia is debt. In fact in Indonesia's foreign debt is used for
unproductive things, used for cover debt in other countries. Not in use for
activities that can reap results such as man power training, purchase of tools
and productive capital to commodity production Indonesia. On the other side,
Indonesia’s debt is not managed properly. This case relates to financial
management or poor allocation of funds. A lot of state officials used foreign
debt to private interest. It make the debt burden of the country into the
future. I hope these issues resolved soon and Indonesia could be growing.
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