Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(45)

Comparative Study on the Perception and Response of Singapore and Indonesia

On top of that, larger local firms such as traditional family businesses are also deeming the AEC as a valuable chance for their new source of growth engines. Nevertheless, overall perception and response of Indonesia is assessed still lagging behind those of Singapore. 

This could explain why governmental attention and consideration for non-major players in the business sector including SMEs would be top priority for Indonesia to pave the way to the AEC. Truly speaking, as a backbone of the national economy, Indonesian SMEs have undertaken as much as 59% of the GDP and 97% of the business establishments.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(43)

Comparative Study on the Perception and Response of Singapore and Indonesia

Nevertheless, overall perception and response of Indonesia is assessed still lagging behind those of Singapore. This could explain why governmental attention and consideration for non-major players in the business sector including SMEs would be top priority for Indonesia to pave the way to the AEC. 

Truly speaking, as a backbone of the national economy, Indonesian SMEs have undertaken as much as 59% of the GDP and 97% of the business establishments.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(25)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

The 4 papers are 'Deadline 2015: Assessing Indonesia's Progress towards the AEC' by Hadi Soesastro and Raymond Atje, 'Role of the Singapore Private Sector in ASEAN Economic Integration' by Juliana Giam, ASEAN Economic Integration: Perspectives from Singapore' by Ong Keng Yong and 'Perspective of the Indonesian Business Sector on the Regional Integration Process' by Widdi Mugijayani and Pratiwi Kartika. 

Relied upon the findings from the papers, SWOT analysis can be further applied for both countries.

 

Essay for EWKLP application(3)

Essay for EWKLP(East-West Knowledge Leaders Program) application

In addition, EWKLP will serve a good chance to promote Korea to foreign friends. In spite of strong economic size and potential, Korea is one of the undervalued countries in the global stage. 

Some business sectors such as semi-conductor, shipping, automobile industry, Korean companies are leading the world. By actively introducing Korean companies and their success to classes, I want to let EWKLP participants know more about Korea. 

At the same time, I will do my best to be more aware of neighboring countries. These may create new business opportunities in the Asia-Pacific region after EWKLP students go back to their home. Amongst the participant countries, it is also expected that improved image on Korea will enhance nation-level relationship.