Addressing a meeting on the future of the Indonesian economy held by the National Economic Committee (KEN) here on Tuesday, he said the model is suitable for the national economy to address the impact of the global economic crisis.
"Economy is a means to promote the people`s living standard. To create more jobs, the economy must grow," he said.
When the monetary crisis engulfed the rest of the world in 2008 and 2009, the government adopted a strategy to ensure the continuation of economic activities, he noted.
Through the strategy, the government encouraged companies to make a maximum effort to avoid layoffs so that the people`s purchasing power would not be affected, he said.
"I don`t know whether the so-called "keep buying strategy" is found in the conventional economic theory," he said.
Meanwhile, executive director of McKinsey economic research institute Raoul Oberman said Indonesia has a chance to become the world`s seventh largest economy by 2030 though it is difficult to achieve.
"In 2030 Indonesia may become the world`s seventh largest economy. But to achieve economic growth and attract international investment as targeted needs hard work," he said.
He noted that four priority sectors should draw attention from the government. They are agricultural and fisheries sector, consumer service sector, energy source sector and human resource development sectors.
(S012/A014)
Editor: Suryanto
Copyright © ANTARA 2012
