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Pancasila economics ( Indonesian: Ekonomi Pancasila ), also known as " Indonesian populist economics " ( Indonesian: Ekonomi kerakyatan Indonesia ), is an economic system which aims to reflect the five principles of Pancasila. [1] The term "Pancasila economy" first appeared in an article by Emil Salim in 1967. [2]
Sri Edi Swasono. Sri Edi Swasono (born in Ngawi (city), Ngawi, September 16, 1940 [1]) is a professor of economics at the University of Indonesia. He was a member People's Consultative Assembly (MPR) of the emissary group in the New Order era of Indonesia, ruled by President Soeharto. [2] He has been involved in the cooperative world.
Indonesia nominal GDP reached 20.892 quadrillion rupiah ($1.371 trillion) in 2023, it is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Indonesia's internet economy reached US$77 billion in 2022, and is expected to cross the US$130 billion mark by 2025. [ 37]
List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. [ 1] The key element of value is the greater dependence on human capital and intellectual property as ...
Financial system. A financial system is a system that allows the exchange of funds between financial market participants such as lenders, investors, and borrowers. Financial systems operate at national and global levels. [ 1] Financial institutions consist of complex, closely related services, markets, and institutions intended to provide an ...
v. t. e. An economy[ a] is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [ 3] A given economy is a set of processes ...
Global financial system. The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of ...