Economic Globalization in Indonesia

Globalization nowadays is inevitable. It brings advantage and disadvantage, especially for Indonesia’s economy. One of the advantages is that it could increase people’s prosperity because we know that one country couldn't fulfill their own needs, they need other countries to import the things they need. Globalization open the gate for Indonesia to import many things from countries all over the world because as one of the most consumptive consumer in the world, we are easily affected by what things are popular in the world nowadays, that's how globalization works too. 

The second is, free trade could bring advantage to Indonesia because it gives us chance to market our products (like batik and other handicrafts) to the world. It could increase foreign exchange rate in one country, that's we should be thankful with the presence of globalization. We could get investment and stock from foreign investor. Indonesia itself is really rich, in culture, in natural resources, and human resources. We can easily get many investors because they can see our country's potential, it’s just how we manage and control them to bring profit to Indonesia. 

But we can't ignore the disadvantage from globalization. Because it's 'FREE' TRADE, anything could enter Indonesia's market above our ability to sort it out. We should be aware of it because if we let this thing goes on, national trade will be in danger. The blame is actually on Indonesian people themselves, they have opinion that foreign stuff is better than national stuff, both in quality and quantity. Even though the price is more expensive than national stuff, they still prefer foreign stuff. 

But overall, we can't blame it all on Indonesian people because indeed, developed countries are having the latest technology to create many new and sophisticated things and thus become the new trends in the world. Indonesia still has many things to catch up in order to become a developed country.   

Irena Natasya-1701299185