nufix
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In the last 25 years or so only two countries S Korea and Poland were the last ones that reached high income and developed status. Korea suffered a war, the Koreans were as poor as the people in Africa today. Indonesia enjoys a long peace period why have you failed to reach the same level?
Long peace period? You are aware of what happened in late 1990s right? Our economy was less than 200 billion and in 20 years, we are a trillion dollar nation.
Anyway regarding palm oil, nothing bad having palm oil as main export. If everyone starts exporting electronics, the value of electronic appliances will fall down quickly and in time, one unit palm oil commodity may be valued more than one certain electronic device. The only reason why electronic companies start flocking down to Vietnam is because Vietnam is still a factor driven economy with cheap yet fairly skilled labors. Indonesian economy is already in efficiency driven stage and its GDP nominal is almost 1.1 Trillion and 1.18 by next year. Our PPP already beat South Korea tho, which is important to measure actual comparative spending power domestically.
And regarding car productions, Indonesian middle class is already numerous and Indonesia is one of countries that relies more on domestic consuptions which makes Indonesia less vulnerable to global shock. Indonesians consumes what can be produced domestically and import what can't be produced domestically. Although car is not the main export commodity, Indonesia bought 1.1 million cars in 2017 while Vietnam only bought 272k cars.
You dont have to work so hard to portray Vietnam as better and richer and whatever than Malaysia, Thailand, Indonesia and whatnot, number talks louder than whatever dreams you have.
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