Economy of Indonesia: Current Trends

Abstract

The article proposes a consideration analysis of the current socio-economic situation of Indonesia and its external sector. On the basis of the analysis of quantitative and qualitative aspects of Indonesian and Russian bilateral trade, author shows the necessity and the possibility of quantitative and qualitative development of bilateral trade cooperation between the countries.

Impact of the Agreements of the Eurasian Economic Union on the Competitiveness of the Agricultural Sector of the Member States

“…All this is conditioned by the laws of economic development at the present stage, in which, according to many scientists, international integration is a means of resolving the contradictions of globalisation (Kheifets and Ovdeenko, 2003 -elimination of restrictions on the movement of goods, as well as capital, human resources between the member states to the agreement; -coordination of the economic policies of the participating countries; -interpenetration and interweaving of national production processes, the development of technological unity of the production process within the region; -broad development of international specialisation and cooperation in production, science and technology not based on the most progressive and profound forms, joint financing of economic development and its innovation mechanism; -convergence of national laws, provisions and standards; -purposeful regulation of the integration process, the development of economic interaction management bodies; -regional nature of integration processes. The motives for the development of integration processes are, in the opinion of many scientists (Shkvarya, 2015;Gelvanovsky, 2011), their orientation, firstly, increasing the welfare of integrating countries both on the part of producers, due to the growth of incomes due to the development of new trade flows, and consumers due to lower prices for certain goods caused by the development of a competitive environment; secondly, the strengthening of the economic positions of the member countries of international integration associations in relations with third countries. Furthermore, another of the motives for the development of regional associations was the success of international integration, manifested in the creation and strengthening of interstate trade and economic blocsthe EU, ASEAN, NAFTA, MERCOSUR, which occupy the main place in the world gross product and export (Table 1).…”

“…Integration has many essential characteristics that, taken together, distinguish it from other forms of economic interaction between countries (Khudyakova, 2007): -elimination of restrictions on the movement of goods, as well as capital, human resources between the member states to the agreement; -coordination of the economic policies of the participating countries; -interpenetration and interweaving of national production processes, the development of technological unity of the production process within the region; -broad development of international specialisation and cooperation in production, science and technology not based on the most progressive and profound forms, joint financing of economic development and its innovation mechanism; -convergence of national laws, provisions and standards; -purposeful regulation of the integration process, the development of economic interaction management bodies; -regional nature of integration processes. The motives for the development of integration processes are, in the opinion of many scientists(Shkvarya, 2015;Gelvanovsky, 2011), their orientation, firstly, increasing the welfare of integrating…”