indonesian coffee export
Wednesday, November 4th, 2009
Indonesia went through considerable transformations since the 1980s in order to encourage economic growth. Domestic and foreign private investment financed most of the growth. Indonesia’s oil sector and mining activity was taken over by investors from the United States of America, along with others: UK, the Netherlands, South Korea, Singapore, Japan and Taiwan. Private financing was unavoidable and it posed difficulties during this economic crisis.
The main activity in Indonesia is agriculture: animal raising, forestry and fishing. It creates jobs and output. In 2001, agriculture accounted for 17 percent of the country’s GDP. Almost 80 million acres are cultivated, most of this land being in Java. Farmers grow rice, fruit, vegetables, tobacco, palm oil, coffee and tea, rubber, hard fiver, cinchona, cocoa and sugar.
Over the last thirty years, Indonesia has been exploiting its rich mineral resources: nickel, coal, bauxite, gold, silver and tin. Mineral and petroleum rights are owned by the state. The manufacturing sector began to develop in the 80s: fertilizers, cement, iron, paper products, wood, leather, textile, food, tobacco, rubber products, transport and machinery.
In 2004, Indonesia had a rapid economic growth of about 5.1% and the GDP per capita had the levels it had before the crisis. Bureaucratic restrictions, corruption and the low foreign investment levels are steps back in Indonesia’s growth. The government plays an important role in the country’s market-based economy, owning over one hundred and sixty four enterprises. It also manages the prices for some of the basic goods like rice, electricity and fuel.
Indonesia is the fifteenth largest oil producing country in the world, covering 2.4% of the entire production on the globe. It is the only Asian member of the OPEC – Organization of Petroleum Exporting Countries. Mineral and oil rights are owned by the state. During the 1997 crisis, the state overtook a big part of the private sector, acquiring non-performing bank loans. The rough economic crisis extended to the political domain, as it caused President Suharto to fall. The national debt grew and poverty was more spread than ever.
On December 26, Indonesia was hit by a tsunami that produced damages of about $4.5 billion, as stated by the ADB and World Bank. Land was no longer suited for agriculture and the ecosystems were damaged. The gas and oil sectors have not been affected, so they were able to bring ½ of Aceh’s GDP.
About the Author:
I have studied economics for years and love to write about economic trends and conditions. I write for www.economywatch.com and www.economypedia.com.
Article Source: ArticlesBase.com – Indonesian Economy
The eFresh.com Coffee Video News of 18-06-2009
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Indonesia’s coffee finally receives its due.: An article from: Tea & Coffee Trade Journal $5.95 This digital document is an article from Tea & Coffee Trade Journal, published by Lockwood Trade Journal Co., Inc. on July 1, 1989. The length of the article is 793 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citatio… |