THE ECONOMY OF INDONESIA AND GROWNING COUNTRIES

Abstract

The economy of citizenship is family-based, the sovereignty of peoples, and shows the economy of the people; the Indonesian economic system is an example. One can describe the national economy as a pillar of Indonesian economic development and growth. The small business sector plays an important and strategic role in national development in order to realize the development outcomes aspects. This is evident from their numbers and their ability to increase incomes and spread labour, and they play a role in realizing the destruction of development results, including poverty alleviation. The Indonesian economy was destroyed in part by the 1997 monetary crisis. Many aspects of Indonesia's economy were affected by the crisis, including rising production costs and a fall in the value of debt in rupee. Declining economies, rising poverty rates, and unemployment are all problems that many societies are experiencing. People are moving and looking for new ways to regulate the economy. One way to describe a national economy is as an economic system that leads to a social economic system. Muhammad Hatta, who is known as one of the Indonesian-born economic thinkers, is an important figure who discusses the economy of nationalism. Cooperatives are a kind of economic democracy aimed at improving the well-being of the people.