Stories (109/0)
Mudik in Indonesian Culture
Mudik is a traditional Indonesian cultural phenomenon that takes place during Eid al-Fitr, the Islamic holiday that marks the end of Ramadan. Mudik is the annual journey taken by millions of Indonesians from urban areas to their hometowns or villages to reunite with their families and celebrate the holiday. It is a time of joy, excitement, and reflection, as people take a break from their daily routines to reconnect with their roots and share in the customs and traditions of their home communities.
By pasin corauabout a year ago in Journal
Central Bank Digital Currency
Central Bank Digital Currency (CBDC) is a digital currency issued by a central bank, backed by the full faith and credit of the government, and serves as a legal tender. CBDCs are becoming increasingly popular among central banks worldwide, with several countries already in the process of developing and issuing their own digital currencies. The World Bank has also been closely monitoring the development of CBDCs and has been providing guidance to central banks on the potential benefits and risks associated with these digital currencies.
By pasin corauabout a year ago in Journal
Rupiah Digital Currency
In recent years, the rise of digital technologies has led to the emergence of new forms of money, including cryptocurrencies and digital payment systems. Central banks around the world have taken notice of this trend, and many are exploring the concept of a central bank digital currency (CBDC). Indonesia is no exception, with the Bank of Indonesia (BI) currently exploring the possibility of creating a Rupiah digital currency. In this essay, we will explore the concept of a Rupiah digital currency, its potential benefits and risks, and its role in the future of Indonesia's financial system.
By pasin corauabout a year ago in Journal
What cause Economic Resession
Economic recessions are periods of significant economic decline characterized by a fall in GDP, rising unemployment, and a decline in business activity. They can have serious consequences for individuals, businesses, and governments, and can take years to recover from. While recessions can have a variety of causes, there are several common factors that are often implicated.
By pasin corauabout a year ago in Journal
The Future of Indonesia
Indonesia is a different and fleetly developing country with a rich artistic heritage and a youthful and growing population. With the fourth largest population in the world and a strategic position at the crossroads of Asia and the Pacific, Indonesia is poised to play an decreasingly important part in shaping the future of the region and the world. As Indonesia continues to develop, it faces a number of challenges and openings. One of the most burning challenges is to insure that profitable growth is inclusive and sustainable. While Indonesia has made significant progress in reducing poverty and perfecting access to introductory services in recent times, there's still important work to be done to insure that growth benefits all parts of society. In particular, Indonesia needs to address the issue of income inequality and produce further openings for small and medium- sized enterprises( SMEs) and entrepreneurs, who are the machine of job creation and profitable growth. Another challenge is to ameliorate governance and attack corruption. Indonesia has made some progress in this area in recent times, but corruption remains a major issue and a hedge to profitable development and social progress. To address this challenge, Indonesia needs to strengthen its institutions and rule of law, and promote translucency and responsibility in government and business. At the same time, Indonesia has a number of openings to subsidize on its strengths and eventuality. One of these is its strategic position and natural coffers. Indonesia is home to some of the world's largest reserves of coal, nickel, and other minerals, as well as vast timbers and agrarian land. By developing these coffers sustainably and responsibly, Indonesia can produce jobs, induce profit, and contribute to global sweats to combat climate change. Another occasion is to invest in education and mortal capital. Indonesia has a large and growing population of youthful people, numerous of whom are eager to learn and contribute to the country's development. By investing in education and chops development, Indonesia can unleash the eventuality of its people and make a more innovative, productive, and competitive frugality. In addition, Indonesia has the implicit to come a leader in the region and the world. As a member of the G20 and ASEAN, Indonesia has a platform to shape indigenous and global programs and promote its interests and values. By erecting hookups and alliances with other countries and associations, Indonesia can work its strengths and contribute to global sweats to address participated challenges. In conclusion, the future of Indonesia is full of pledge and eventuality, but also faces significant challenges. By addressing issues of inclusive and sustainable profitable growth, governance and corruption, and investing in education and mortal capital, Indonesia can unleash its implicit and come a leader in the region and the world. As a different and dynamic country with a rich artistic heritage and a youthful and growing population, Indonesia has much to offer and much to contribute to the future of the region and the world. likewise, Indonesia's future also depends on its capability to acclimatize and introduce in a fleetly changing global geography. One of the crucial trends shaping the future is the rise of digital technology and the knowledge- grounded frugality. Indonesia has formerly made progress in this area with the growth of its digital frugality, but there's still important eventuality to be realized. To completely subsidize on the openings presented by the digital frugality, Indonesia needs to invest in structure, gift development, and digital invention. This includes perfecting access to high- speed internet and digital services, promoting digital entrepreneurship, and developing a professed pool that can meet the demands of the digital frugality. Another trend that will shape Indonesia's future is the growing significance of sustainability and environmental protection. As a country with vast natural coffers and a large and growing population, Indonesia needs to balance profitable growth with environmental responsibility. This includes investing in renewable energy and clean technologies, guarding timbers and biodiversity, and promoting sustainable husbandry and fisheries. Eventually, Indonesia's future also depends on its capability to make a further inclusive and tolerant society. As a different and pluralistic country with numerous different ethnical, religious, and artistic groups, Indonesia needs to promote respect, understanding, and cooperation among all its citizens. This includes addressing issues of demarcation and inequality, promoting mortal rights and social justice, and erecting a more participatory and popular society. In conclusion, the future of Indonesia is complex and multifaceted, with numerous challenges and openings. By addressing crucial issues of inclusive and sustainable profitable growth, governance and corruption, education and mortal capital, digital invention, environmental sustainability, and social inclusivity, Indonesia can unleash its implicit and come a leader in the region and the world. As a different and dynamic country with a rich artistic heritage and a youthful and growing population, Indonesia has much to offer and much to contribute to the future of the region and the world. The challenges may be great, but the prices are indeed lesser.
By pasin corauabout a year ago in Journal
The Doughnut Theory
The Doughnut Theory of Economics is a relatively new concept that has been gaining traction in the world of economics and sustainability. Created by economist Kate Raworth in 2012, the theory aims to provide a framework for economic development that is both socially just and ecologically sustainable. In this essay, we will explore the Doughnut Theory of Economics, its key principles, and its potential impact on economic development.
By pasin corauabout a year ago in Journal
SHARIA ECONOMY FOR GLOBAL ECONOMIC GROWTH
The Sharia Economy is a fleetly growing profitable system that has the implicit to contribute significantly to global profitable growth. The Sharia Economy is grounded on the principles of Islamic finance, which are embedded in the training of the Quran and the Hadith. These principles emphasize social justice, ethical geste , and sustainable development, and they've come decreasingly popular in the wake of the 2008 fiscal extremity. In this essay, we will explore the Sharia Economy, its crucial principles, and its implicit impact on global profitable growth.
By pasin corauabout a year ago in Journal
Analysis GeoPolitics 2023
Each right uh let's shift motifs now uh on commodity that will probably be on the minds of leaders across the globe the biggest pitfalls our world is facing in 2023. we are participating a new list from the Eurasia group the political threat exploration and consulting establishment so at number three what they call Munitions of Mass dislocation that's technology like artificial intelligence that can undermine trust and republic at number two maximum she they say Chinese leader she's unexampled power in his own country could lead to dangerous miscalculations and the number said and the report says the number one threat is guileful Russia how it acts major pitfalls to the United States Europe and Beyond the chairman and author of Eurasia group Ian Bremer joins us now to bandy Ian good to see you good morning so uh let's talk about this the lat in this time last time the war between Russia and Ukraine was weeks down now guileful Russia you are saying your report is saying is the number one trouble why hasn't Russia's failure in the Ukraine war lowered that trouble that it poses no the failure is adding the threat because Russia is getting the world's most important Rogue State they're lowered dramatically as a global power Putin could not indeed show up at the G20 because he was going to be insulated and embarrassed by all of these other world leaders but there is no way for him to back down um I mean it's not like he can go to the status said oh my mistake no no NATO's formerly expanded Ukraine's much stronger the Europeans have formerly cut them off in terms of gas flows you got to make those channels someplace differently it'll take a decade so any way you look at it Putin is an incredibly delicate position but he is got 6 000 news so what's he going to do if he can't continue the war in Ukraine he is going to take it someplace and decreasingly what that means is the war is going to hit NATO it's going to be asymmetric attacks like Espionage and uh like cyber attacks channel fiber Russia thinks that they have been fighting NATO for the last time NATO has said no no the war is in Ukraine decreasingly it's going to be hard to keep that in the box that has to be the top threat that we are facing this time speaking of that war in Ukraine how do you anticipate it ending yeah I wish we could anticipated ending um you know Ukraine has had the last time their GDP has has contracted by 40 Russia has only been four percent Russia's decreasingly going to see their own frugality take the kind of hit that Iran has been taking another lower guileful state in the Middle East for the last decade um what that means is that Russia doesn't have a service that is able of continuing to fight and win the war in Ukraine rather they are going to be seen by NATO as the top Danger on the global stage but that is not an end to the war right it's an expansion of the war I mean at least in 2022 we've all concentrated on zelenski The frippery of 44 million Ukrainian people right but but we have kept the war in Ukraine yeah in 2023 we are not going to be suitable to say that presently it's not a cold war with Russia it's really a hot war with Russia talking about China I mean the main tenet of Chinese governance is fastening on its internal politics and letting other companies other countries concentrate on their own Internal Affairs how do you suppose that China especially under Xi Jinping will will be a threat to the global geopolitical geography if it says that it's really wants to kind of do its own thing and let other countries do theirs the funny thing is the China threat is a little bit like the Russia threat in the sense that it centers on bone
By pasin corauabout a year ago in Journal
Money Printing
The United States has experienced the highest inflation rate in 40 years, with lower-income households being hit the hardest. Venezuela is an example of a country where hyperinflation has caused their currency to be practically worthless. Printing money has historically led to disastrous consequences, such as in the case of Germany in 1923 and Venezuela in 2020. However, the United States printed three trillion dollars in just three and a half months in 2020, yet the inflation rate barely reached nine percent. The inflation that India is currently experiencing is partly due to the U.S. money printing in 2020. The U.S. economy seems to be immune to the effects of money printing, and its superpower lies in the U.S. dollar. Understanding the U.S. dollar's power is crucial in understanding the economics of world trade. Quantitative easing is one way in which the U.S. Federal Reserve lends money to the Bank of America, which then lends money to individuals. The interest rates that are charged have a significant impact on loans and inflation rates. Coding Invaders is a partner of the episode and can help individuals switch to an IT profession for high-paying jobs within six to eight months.So, in order to keep the economy going, the Federal Reserve has been printing money and buying up government bonds. This is called quantitative easing or QE. The idea behind QE is to lower interest rates and stimulate lending and investment, which in turn helps to boost economic activity.
By pasin corauabout a year ago in Journal