Sample Business Studies Essay Paper on Indonesia Profile

Indonesia is a distinct nation positioned along the seaway linking India with the Orient with over 350 spoken languages among its citizens. Notably, after independence in the year 1945, Bahasa Indonesian became the official language with English being spoken in some of the bigger cities such as Jakarta, Bandung, and Surabaya. Importantly, the country’s territory has been an area of commerce between the East Asia individuals, thus, enhancing its economic development. Importantly, Indonesia was initially colonized by the Portuguese and later by the Dutch. Therefore, this paper precisely discusses the profile of Indonesian political parties, economic strength, and major industries.

Indonesia Political History

Political parties are vital development blocks in Indonesia’s political process as they are institutionalized and active in fulfilling important activities like political recruitment, mobilization, and participation (Fionna, Ulla, & Dirk Tomsa 3). Notably, many parties in Indonesia has created comprehensive organizational structures that encompass branch offices located in the whole archipelago. In the year 1998, Suharto’s regime was removed from the throne by a widespread uprising that remained substantially peaceful. However, the political system in the country was marred by factional differences in the aftermath of Suharto, leading to defections and formation of new parties (Pepinsky 1).

Indonesian Democratic Place in the Global Community

The democracy in Indonesia has been defied by the uprising of religious prejudice and discriminatory insolences in the civil groups since early 2000, despite of increased freedom in various sectors such as the media (Hamayotsu 1). Significantly, numerous deliberations have been focused on the magnitude at which institutional reforms have changed the balance of authority between social powers. The oligarchic supremacy encompassed with intra-oligarchic disputes have led to illiberal tendencies in the country’s democratic space since protection of the workings of electoral competition is more important than enforcing rights (Hadiz 2). However, Indonesia has grown to be the third largest democratic state internationally following a transition to a steady and successful democracy since 1998. 

Economic Culture, Business Strengths, and Future Outlook

Indonesia has undergone significant growth since the Asia crisis that struck the nation in the year 1997 making the state a business powerhouse and an important player both domestically and internationally. Notably, Indonesia stands as the greatest economy in the Association of Southeast Asian Nation (ASEAN) that is an intergovernmental organization that strengthens the economic, political, and cultural relations among its associates. Importantly, with the biggest regional market, availability of youthful workforce, numerous natural materials, and various macroeconomic fundamentals enhances the opportunity for the country to cope with its economic dynamics (Indonesia Growth Opportunity and Market Expansion 1). Additionally, sound economic regulations enacted by the government has aided in improving Gross Domestic Product (GDP) and expanding trade opportunities.

Major Industries in Indonesia

Indonesian economic change can be related to the transformation of the major sectors from agricultural to industrialization, and eventually to the service segment. Traditionally, the country was known as an agrarian nation, hence, exported numerous farm produce that escalated its economy. Conversely, the production industry is the main commerce in Indonesia contributing 25% of the national GDP (Indonesia Growth Opportunity and Market Expansion 6).  

Conclusion

Precisely, Indonesia is one of the countries that has made a significant transition since its independence to being the business powerhouse in Southeast Asia and the third in enhancing democracy. Importantly, the availability of a large domestic market accompanied by a sizeable number of the youthful workforce has enabled the country to increase its market share internationally, thus, attracting more investors. Additionally, the political parties in Indonesia have comprehensive organizational structures that encompass branch offices located in the whole archipelago.

Work Cited

“Indonesia Growth Opportunity and Market Expansion”. Eibn.Org, 2018, http://www.eibn.org/en/page/indonesia_content/44. Accessed 9 Apr 2018.

Fionna, Ulla, and Dirk Tomsa. Parties and Factions in Indonesia: The Effects of Historical Legacies and Institutional Engineering. No. 2017. ISEAS Working Paper, 2017. Retrieved from: https://iseas.edu.sg/images/pdf/WorkingPaper2017_1.pdf

Hadiz, Vedi R. “Indonesia’s Year of Democratic Setbacks: Towards a New Phase of Deepening Illiberalism?” Bulletin of Indonesian Economic Studies 53.3 (2017): 261-278. Retrieved from: https://www.tandfonline.com/doi/abs/10.1080/00074918.2017.1410311

Hamayotsu, Kikue. “The limits of civil society in democratic indonesia: media freedom and religious intolerance.” Journal of Contemporary Asia 43.4 (2013): 658-677. Retrieved from: https://www.tandfonline.com/doi/abs/10.1080/00472336.2013.780471

Pepinsky, Thomas B. “Political Islam and the Limits of the Indonesian Model.” Taiwan Journal of Democracy 10.1 (2014). Retrieved from: www.tfd.org.tw/export/sites/tfd/files/publication/journal/105-121-Political-Islam-and-the-Limits-of-the-Indonesian-Model.pdf