UJIAN TENGAH SEMESTER EKONOMI BISNIS dengan Dosen Pemgampu : [email protected]

Summary

In this video presentation, Deswi D. Mani from the Business Administration program discusses significant economic challenges facing Indonesia, including the decline of the middle class due to inflation, economic slowdown, and job market instability. Key issues highlighted are the plummeting tin prices due to oversupply, the bankruptcy of local brands like Tupperware, rising food prices caused by climate change, and the psychological effects of consumer spending habits. The presentation also addresses the impact of increased tuition fees on lower-income families and the competition local batik faces from imported goods. Through these discussions, Deswi provides insights into the broader economic landscape of Indonesia.

Takeaways

• 📚 Deswi D. Mani, a business administration student, presented this video for a midterm exam in business economics.
• 📉 The middle class in Indonesia is decreasing due to rising inflation, slow economic growth, and unstable labor markets, leading many families to reduce spending.
• ⛏️ The tin price in Indonesia has dropped by 33% due to oversupply in the global market, impacting company revenues significantly.
• 🏚️ The brand Tupperware filed for bankruptcy after 78 years due to increased competition and financial burdens.
• 🌾 Food prices in Indonesia surged in 2023 due to extreme weather conditions, with rice prices increasing by 14.08% and sugar by 20%.
• 💳 'Doom spending' is a psychological phenomenon where individuals overspend as a stress relief, particularly among Gen Z and millennials.
• 💰 Illegal gold mining has caused Indonesia significant losses, with a reported 1,020 trillion IDR in damages due to lost gold and silver reserves.
• 🎓 The increase in tuition fees (UKT) is creating financial burdens for families, especially those from the lower-middle class, leading to greater social inequality.
• 👕 Batik exports from Indonesia fell by 8.39% due to competition from imported products, particularly from China.
• 🏗️ The import of Chinese steel has surged significantly, raising concerns for the domestic steel industry as demand declines in China.

Q & A

What are the main factors contributing to the decline of the middle class in Indonesia?

The decline of the middle class in Indonesia is primarily due to rising inflation, slowing economic growth, instability in the labor market, and increasing costs of basic necessities, including housing, education, and healthcare.

What impact did the COVID-19 pandemic have on the job market in Indonesia?

The COVID-19 pandemic significantly affected the job market, leading many businesses to reduce their workforce or close entirely, which further contributed to the decline of the middle class.

What are the reasons for the decrease in tin prices in Babel, Indonesia?

The decrease in tin prices in Babel is attributed to excess supply in the global market, resulting in a revenue drop of about 33% for tin companies and a reduction in tin production in Indonesia by 26% in 2023 compared to 2022.

How has the price of food changed in Indonesia in 2023, and what factors contributed to this change?

In 2023, food prices in Indonesia saw a significant increase due to extreme weather conditions and climate change, which hampered agricultural production. For example, rice prices rose by 14.08% and sugar prices increased by 20%.

What is 'dom spending,' and how does it affect younger generations?

'Dom spending' refers to impulsive spending without careful consideration, often as a coping mechanism for stress. Younger generations, such as Gen Z and millennials, may engage in this behavior, leading to financial issues like debt and lack of savings.

What illegal activities related to gold mining have been reported, and what are the legal consequences?

Illegal gold mining activities have resulted in significant state losses, with reports indicating that illegal operations caused a loss of around 1.020 trillion. Those involved in illegal mining face severe legal consequences, including imprisonment for up to five years and fines up to 100 billion.

How has the increase in the UKT (Tuition Fee) affected students in Indonesia?

The increase in UKT has placed a financial burden on students and families, particularly those from lower-middle-class backgrounds. Many parents resort to high-interest loans to cover their children's tuition fees, exacerbating social and economic inequalities.

What challenges is the batik industry facing in Indonesia?

The batik industry in Indonesia is facing challenges from a surge in imported products, especially from China, which has led to an 8.39% decline in batik exports. This influx of foreign products is undermining local batik producers.

What recent trends have been observed in the steel industry in Indonesia due to imports from China?

There has been a significant increase in steel imports from China, with imports rising from 2.89 million tons in 2022 to 4.15 million tons in 2023. This surge has raised concerns about the impact on the domestic steel market.

What measures has the Indonesian government proposed in response to rising fuel prices?

The Indonesian government has announced adjustments to fuel prices, citing the need to redirect subsidies that primarily benefit wealthier individuals. The government plans to allocate these funds toward social support programs for the economically vulnerable.