Quo Vadis Indonesia? Service Trade Policies among Society 5.0 and Hallyu 2.0 versus Making Indonesia 4.0
Khristian Edi Nugroho Soebandrija

Industrial Engineering Department, Faculty of Engineering, Bina Nusantara University, Jakarta, Indonesia 11480.
Emails: Knugroho[at]Binus.Edu and Khristian.Edi.Nugroho[at]gmail.com

Abstract

Organization for Economic Cooperation and Development (OCED) indicates that services have contributed two-thirds of Global Gross Domestic Product (GDP). As part of methodology, this paper elaborates trade policy analysis from perspectives of Business, Industrial and System Engineering (BISYE). The objective of this paper is to provide the utmost analysis for Indonesian Government, in particular Minister of Trade. The mentioned utmost analysis refers to the attempts to answer the question of Quo Vadis Indonesia? Precisely, how Indonesia implements Service Trade Policies in the future to cope with global competition among trilogy on Society 5.0 (SC 5.0), Hallyu 2.0 (HY 2.0) and Making Indonesia 4.0 (MI 4.0). In the future, the implementation of service trade policies become more challenging within digital transformation. In narrower attention, the challenges constitute the scope of macroeconomic outcomes, in which trends of manufacturing industry augments into services-dependent. As consequences, these trends enhances participation in Global Value Chains (GVCs). This paper expands its analysis based upon OECD Services Trade Restrictiveness Index (STRI) that convey comprehensive regulations of service trade in 22 sectors across 44 countries. Ultimately as its extra mile analysis, this paper elaborates OECD and its STRI changes in Indonesia during Policy Reforms in Indonesia from 2014 until 2016. It is expected by having this ultimate extra mile analysis, this paper contributes to Indonesian Government, in particular Minister of Trade, including Policy makers in determining in the future on disruptive innovation in digital transformation and competitive service trade policies in global constellation toward Quo Vadis Indonesia.

Keywords: Trade Policy; Service Trade Policies; Services Trade Restrictiveness Index; Society 5.0; Hallyu 2.0; Making Indonesia 4.0

Topic: Trade policies strategic Responses

Link: https://ifory.id/abstract-plain/LFxTefKwBjEh

Web Format | Corresponding Author (Khristian Edi Nugroho Soebandrija)