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| Date: 28 July 2010 - Author: Antara News | | Yogyakarta (ANTARA News) - Economic self-reliance is one of the keys to macro and micro economic development in Indonesia, an economist said. | "Economic self-reliance can help free the country, the community, and regions from dependence on foreign economic aid which may hinder the promotion of the people`s economic prosperity," William Kwan of the Indonesian Pluralism Institute said at a seminar here on Tuesday.
The self reliance in question is individual and collective capacity of community members and state apparatuses in making common decisions without relying on foreign assistance, he said.
"Besides economic capital, development is also decided by social capital. The two types of capital complement one another," he said.
The community`s self-reliance may function as a caretaker of long-term development`s continuity through their participation, he said.
"Where backward regions are concerned, the self-reliance will prevent the local people from foreign parties` control," he said.
He noted there is mutual relation between the development of the community`s self-reliance and that of social capital.
"The two types of development process constitute a cultural approach that must be made altogether and integratedly to lay a social basis needed by less fortunate community to develop productive businesses and economic institutions," he said.
Data from the State Ministry for Disadvanteged Regions show Indonesia now has 183 disadvanteged districts with 70 percent of them located in the eastern parts of the country. |
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