POTENCY OF THE CHININDO (CHINA, INDIA, AND INDONESIA) AS WORLD ECONOMY DYNAMISM AND ITS INFLUENCE TO REGIONAL ECONOMIC STABILITY

Mansur Juned Mohamad Hery Saripudin

doi:10.33822/mjihi.v1i2.431

Abstract

In general, China, India and Indonesia (Chinindo) have great potential to lead economic growth in Asia and the world. It can be seen from high production growth rate of China and India and high production rate of input goods and energy sources from Indonesia. Moreover, the population of these three countries is very great and is able to make the three countries to maintain economic activities with the support of domestic demand. In other words, it reduces vulnerability to the shock of the world economy. The three countries also have ability to supply goods with relatively low prices and a factor that supports it is low costs of manpower. The research tries to explain how the potential of the three countries to be the moving motor of the world economy and to study the cooperation dynamics in the three countreis and their influence to economic stability in each region.

Highlights

India and Indonesia are three Asian countries that will record the positive economic growth in the relatively high rate when other countries have undergone negative growth or at least undergone the lowest growth after the global financial crisis in 2008 has influenced them
Indonesia is the producing country of commodities and natural resources with the geographic location near to China and India situated at the distance of 3,200 km (Bary, 2010)
The Indonesian government well as Indonesia, Indonesia excels has been committed to because it has a variety of potentials increasing private participation in on its natural resources are very infrastructure

Summary

Introduction

India and Indonesia are three Asian countries that will record the positive economic growth in the relatively high rate when other countries have undergone negative growth or at least undergone the lowest growth after the global financial crisis in 2008 has influenced them. Asian region has been expanded to all sectors including economy, communication, culture exchange, energy and non-traditional security cooperation This transformation raised incomes in all three countries, but growth in China far outpaced that of India and Indonesia. India and Indonesia are reliance on public provision of countries that have great advantages in infrastructure delivered suboptimal various fields, especially in Asia. The Indonesian government well as Indonesia, Indonesia excels has been committed to because it has a variety of potentials increasing private participation in on its natural resources are very infrastructure.

Methodology various initiatives to attract private

And Discussion

Findings

Conclusion