Contrasts in the levels of development between the australina and indonesian economy

Ind unmatchedsias economy: Income and quality of life indicators The can include a countrys resource endowments, access to the sea, ethnic fragmentation, climate and legal systems. Indonesia is the worlds one-quarter closely populous nation. The main religion in Indonesia is muslim.Like many a(prenominal) another(prenominal) East Asian nations, Indonesia has evolved from an agricultural economy to one whose gross domestic product is led by manufacturing. Prior to 1967, Indonesia had been a closed economy, rejecting the Wests matter of becoming an ally, however when General Suharto came into power, Indonesia opened itself up to the propagate jacket by welcoming foreign investment, increase betray in particular in its oil and gas exports. safeguard in the embodiment of subsidies within its agricultural industries was introduced as Indonesia aimed to shoot self-sufficiency in growing rice so as to lower rice imports. Indonesia is also a mixed trade economy in that it both regulates as well as participating in economic activity through carry Owned Enterprises (SOEs) in main industries such as agriculture, manufacturing, trade, finance and mining to interpret that there is sufficient competition to hold back lower prices for the number Indonesian consumer. Contrasts in levels of development Indonesia is a developing economy, compared with Australia which is a steep income economy. Similar to Australia, Indonesia has a wealth of natural resources. May 25th 2004 From the economic expert light Unit Source: Country data         2000         2001         2002         2003 GDP per base on balls ($ at PPP)         3,055         3,200         3,330         3,490 GDP (% real alter pa)         4.93         3.47         3.69         4.10 Government uptake (% of GDP)         7. 18         7.

73         8.21         9.20 Budget counterweight (% of GDP)         -2.80         -1.18         -1.60         -1.90 Consumer prices (% change pa; av)         3.69         11.46         11.92         6.59 reality debt (% of GDP)         102.41         88.98         78.11         72.90 Labour costs per time of day (USD)         0.27         0.28         0.37         0.47 Recorded unemployment (%)    Â Â Â Â Â Â 6.08         8.10         8.30         8.70 Current-account balance/GDP ... If you want to get a undecomposed essay, stray it on our website: BestEssayCheap.com

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