BRIC Should Add Indonesia To Become BRIIC

Indonesias economic growth may accelerate to 7 percent from 2011, providing a case for its inclusion in the so-called BRIC economies along with Brazil, Russia, India and China, Morgan Stanley said.

A win for President Susilo Bambang Yudhoyono in the July 8 elections as projected by polls may help attract investors. Political stability and buoyant domestic demand will help boost expansion in the $983 billion economy (PPP), Morgan Stanley said in a report dated June 12 which compares Indonesia with India.

Southeast Asias largest economy may grow 60 percent in the next five years to $1.57 trillion due to a stable administration, lower capital costs and a government plan to spend as much as $34 billion to build roads, ports and power plants by 2017, Morgan Stanley said. Inclusion in the BRIC nations may increase Indonesias standing among developing countries as they seek more influence over global financial policies.

Strong growth, strong confidence
What this means for the investor community is that they need to need to look at this asset class more seriously, Chetan Ahya, a Singapore-based economist at Morgan Stanley, said in an interview today. Political stability, improved government finances and a natural advantage from demography and commodity resources are likely to unleash Indonesias growth potential.

Indonesia may expand as much as 4 percent this year, making it the fastest-growing major economy in Southeast Asia, according to the International Monetary Fund. Morgan Stanley expects 3.7 percent growth this year. (GNFI says 5%)

Leaders of the BRICs nations may use their first summit on June 16 to press the case that their 15 percent share of the world economy and 42 percent of global currency reserves should give them more influence over policies.

Developing countries say their votes in the IMF, founded at the end of World War II to promote global trade, dont reflect the shift in economic power. Brazil, the worlds 10th-largest economy, has 1.38 percent of the IMF boards votes, less than the 2.09 percent for Belgium, an economy one-third the size.

The BRICs may overtake the combined $30.2 trillion gross domestic product of the Group of Seven nations by 2027, said Jim ONeill, the London-based Goldman Sachs Group Inc. chief economist who coined the term for the four countries in a 2001 report. That is a decade sooner than he had forecast.

Category:

News & Politics

Tags:

• BRIC
• BRIIC
• Brazil
• Russia
• India
• China
• Indonesia
• Morgan
• Stanley

[lembah18]

mayb they should include indonesia, but for corruption the always include indonesia hehe..

[LongHornist]

@lembah18

If there's any goodnes of Indonesia, there's where malingsians belong to.

Malingsians are always looking for every Indonesia's badness because they're shame if Indonesia looks better.

Like this malay, his comment is so irrelevant with the video because he hates to admit that Indonesia's economy is better than malaysia.

I know you're jealous because your country couldn't reach anything.

[LongHornist]

Hahaha...

Malingsia pada jealous...

Sampe2 video BRIIC ini dikasi 1 star...

Uhuy, malingsia pada cemburu...

[gombress]

Great news bro! why you did not tell me earlier? hail to the great indonesia!

[kereklanasu]

huebatt gan..gue kayak gak percaya nih..semoga sukses2 aja buat indonesia kita

[EGASANJAYA]

right. indonesia big country

[sutrimo123]

Good news for Indonesia, this is almost 3 years ago I hope Indonesia more steady and ready to get in IBRIC Indonesia, Brazil, India and China.

[ninjap0w3r]

BELAJAR itu penting, cari informasi, memperkaya wawasan, daripada melampiaskan emosi atau saling olok mengolok. Secara GDP kita ranking 18 dan sudah masuk G20, BRIC terendah itu Rusia ranking 11. Tapi itu GDP total, secara GDP per kapita kita masih ranking 118-128 dari 180 negara, jauh di bawah Malaysia (#57-58), artinya apa? artinya rakyat kita masih jauh lebih miskin dari rakyat Malaysia. Kalau kita coba ngejek Msia soal ini, kita bakal harus nelen ludah sendiri.

[ninjap0w3r]

Kenapa sih berita bagus mesti dirusak dengan adu mulut ngejelek2in malaysia? mending sesama negara ASEAN dan Asia saling bantu membantu utk menjadikan Asia menjadi pusat dunia, mengalahkan Barat yang sekarang terus-terusan krisis. Indonesia butuh bantuan dan kerjasama negara lain agar kekayaan negara bisa terbagi2 ke seluruh pelosok dan kalangan, kalau kita sibuk perang yang gak ada guna, dan bukannya membangun dg bekerja, ya artinya bantu negara ini mandek gak maju2

[1710dl]

Malaysia worries about this!! WKWKWKWK stupid idiot lazy terrorist country malaysia will cry like a river know this news!! wkwkwk

[1710dl]

MALONSIA (MALASia) sedang menuju kehancuran!! wkwkwk poor u MALON!

[bennlonelyboy]

yes, and malayshit can only jealous hahahahaha

[legionsa2008]

@7devesh we're pancasila :D search it in wikipedia..

[youvideos1000]

if indosnesia was added it 'd be called BRIC+I

[SwimmingDutchMen]

@7devesh

Democratic, sir...