BUBBLE ECONOMY OR fundamentals? 
Anggoro Budi Nugroho (*) 
I terperangah with the development of the economy last Jogjakarta. Data 
DIJ statistics, Bank Indonesia (2004) shows, during the year 2003, savings 
third-party funds in the banking sector DIJ increases as Rp 3 trillion! Of 
Rp 6 trillion in 2002 to Rp 9 trillion in 2003. Fair? Of course, 
to the size of Yogyakarta. 
Again. Data Bank Indonesia (2004) in Indonesia 2003 Economic Report 
shows, the GDP structure we no longer dominated by agriculture. 
Growth has been shift from agriculture 1.7% (2001) to the industrial sector 
manufacturing 3.1% (2001). The contribution of manufacturing to GDP is at most 
compared to other sectors, namely 0.8%. While agriculture was 0.3%. Apparently, 
agriculture began to be abandoned. We no longer agricultural communities. 
We are being changed. Indonesia's Yogyakarta and in particular, will experience a transformation 
quickly from the social to the semi-agricultural industries. People move from the market and 
vegetables to technology and information. Survey Division Kebanksentralan Bank 
Indonesia (2002) on the competitiveness of the economy of the region shows, Yogyakarta 
in rank to-5 in terms of competitiveness in general. Domestic Products 
Gross Regional (GDP) per capita only half the income of Jogja 
Papua potential people per head per year. However, from the perspective of human resources, Yogyakarta 
to sit in the rank-2 after Jakarta! Apparently, in terms of brain Jogja 
defeat of East Java, West Java, East Kalimantan and Riau, which is much more rich two 
times.(hes) 
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