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Indonesia will resume the calling of visa process of seven countries, which are Afghanistan, Cameroon, Guinea, Israel, Liberia, Nigeria, North Korea, and Somalia. [263] Indonesia reached a recorded half a million cases of COVID-19. [264] Indonesian Police arrested Upik Lawanga, who has been involved in the 2002 Bali bombings. His role involves ...
[39] [40] Indonesia faced a recession in 2020 when the economic growth collapsed to −2.07% due to the COVID-19 pandemic, its worst economic performance since the 1997 crisis. [ 41 ] In 2022, gross domestic product expanded by 5.31%, due to the removal of COVID-19 restrictions as well as record-high exports driven by stronger commodity prices.
As of 5 November 2020, the coronavirus has killed more than 14,000 people in Indonesia. [60] In late 2020, the pandemic has caused the economy to fall into a recession for the first time in 22 years. [61] In October 2020, protests erupted throughout Indonesia after the DPR passed the controversial Omnibus Law on Job Creation. [62]
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
The Job Creation Act (Indonesian: Undang-Undang Cipta Kerja), officially Act Number 11/2020 on Job Creation (Undang-Undang Nomor 11 Tahun 2020 Tentang Cipta Kerja, or UU 11/2020), is a bill that was passed on 5 October 2020 by Indonesia's House of Representatives, with the aim of creating jobs and raising foreign and domestic investment by reducing regulatory requirements for business permits ...
Perhaps the extreme proponent of a deep historical origin for globalization was Andre Gunder Frank, an economist associated with dependency theory.Frank argued that a form of globalization has been in existence since the rise of trade links between Sumer and the Indus Valley civilization in the third millennium BC. [4]
There are similar trends for electric power, cars, radios, and telephones per capita as well as the percentage of the population with access to clean water; [80] however, 2.6 billion of the world's population in 2008 lacked access to proper sanitation, [81] and billions of people ("around 1 in 4 people") still live without clean drinking water ...
In view of economic slowdown amid the financial crisis of 2007–2010, Prime Minister of the then ruling Barisan Nasional (BN) government, Najib Razak in August 2009, stated that in order for Malaysia to achieve a developed nation status by 2020, the country has to grow at an annual rate of 8% over the next 10 years.