Asian Infrastructure Investment Bank: What does it mean for Indonesia?

Asian Infrastructure Investment Bank: What does it mean for Indonesia?

Last November, Jokowi formally announced that Indonesia would be joining the recently founded Asian Infrastructure Investment Bank, or AIIB. Like the World Bank (WB) and Asian Development Bank (ADB), the AIIB is another multilateral financial institution that will provide capital in the form of loans for various countries to finance development projects. What differentiates the AIIB from the other two aforementioned banks is that the AIIB’s focus will be narrowed down solely to Asia and solely to infrastructure projects. The other primary difference is the key stakeholders behind these banks – the World Bank is controlled by the United States, the Asian Development Bank is most heavily influenced by Japan, while the AIIB is being led by China.

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A Call for Hope: Circular Economy

A Call for Hope: Circular Economy

Aren’t we all tired of listening to seminars and reading articles about how nations should be able to raise its productivities in order to increase their overall growth, how leaders all over the world should take environment issues into account, and how resource price are increasing way beyond the global economic output, while on the other hand the solutions proposed are always too general and vague? These issues demand precise integrated collective actions; furthermore, a shift in our perspectives towards what industries should be like. A new economic model called the Circular Economy provides it all: higher productivity for higher growth, less dependency on volatile resources market, and less–even close to zero–harm to the environment. It does sound utopian, but it can be done.

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