Former Indonesian President Joko Widodo, often referred to as Jokowi, addressed the Bloomberg Economy Forum in Singapore on Friday, outlining his vision for Indonesia’s economic future and the broader Southeast Asian region. Speaking as an advisory board member, Jokowi emphasized the need for sustained economic development and adaptation to a rapidly changing global landscape. His remarks come amid growing international attention on Southeast Asia’s increasing economic influence and potential as a hub for innovation and growth [[1]].
Jakarta, CNN Indonesia —
Former Indonesian President Joko Widodo, known as Jokowi, delivered a speech in English at the Bloomberg Economy Forum in Singapore on Friday, November 21.
“When I look back at Indonesia’s journey over the past decade, I see one clear lesson. Change is never easy, but change is necessary,” Jokowi stated during the forum.
Speaking as an advisory board member, Jokowi highlighted Indonesia’s current economic conditions and expressed his hope for the nation to transition toward an “intelligence economy.” The remarks come as Southeast Asia increasingly asserts itself on the global economic stage.
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The former president also called on international institutions, including the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO), to redefine financial instruments, financial systems, and digital infrastructure.
Jokowi argued that such a reevaluation is crucial for fostering improved economic growth globally.
“Southeast Asia is no longer just a market. It is becoming a global force. The next unicorn may not come from Silicon Valley or Shenzhen. It may come from Jakarta, Singapore, Bangkok, Kuala Lumpur, Manila, or Hanoi,” he said, outlining his vision for an “intelligence economy.”
During his address, Jokowi showcased infrastructure projects completed during his time in office. He emphasized his administration’s focus on building a strong economy for Indonesia’s 280 million citizens, acknowledging that progress requires sustained effort.
“That is why we focused on the basics, building roads, seaport, airport, power plant, and digital networks, because without strong infrastructure, an economy cannot grow,” Joko Widodo asserted.
Indonesia, he noted, has also prioritized digital infrastructure, investing in data centers, launching new satellites, expanding digital networks, and improving connectivity nationwide.
Jokowi underscored that Indonesia implemented regulations designed to encourage the growth of local businesses and startups, supported by the country’s expanding digital infrastructure.
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