Indonesia is powering ahead , writes
Adam Creightan of Acuity … can Australia’s
economy hitch a ride?
Since the GFC, Indonesia has grown 5% per year, and by
2050, is expected to be the 5th largest economy after China, India and the USA, (PWC
World in 2050) – with Australia moving from 19th to 28th!
There is a massive disconnect where
Australia invests and where it trades.
Most investment is in USA and Europe but
most of its trade is in Asia… this needs to change for Australia to thrive –
There is more to Indonesia than Bali, Beef
and Boats, says Adam.
The Australian Brand in Indonesia is
recognised and appreciated for governance, quality and standards. AUstralia can provide value and contribute to Indonesia's growth
in financial services, mining services, education and health care.
There are significant opportunities in
Agriculture and Infrastructure, and if Australia wants to play a part, it has
to understand the Indonesian culture, work with them in a positive way, and look to invest in their growth.