- Description
Gita Wirjawan, Chairman of Indonesia’s investment coordinating board
- Keywords:
- investment
- China
- Indonesia
- banking
- Asia
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vongleichent 02/28/2012 08:53 AM Report
Well he should know that the BRIC countries have a much higher number of people. Therefore, Indonesia wasn't going to make it on that list. That doesn't mean it can turn into a great country like Singapore. Even though Singapore is doing a fare superior job.
SharkswithfrikingLazers 03/04/2011 04:15 AM Report
So steel is the key to becoming a modern nation?
GITA WIRJAWAN: "For any nation to become a modern nation, it needs to be consumed about 500 kilograms of steel per capita per year. South Korea from what I believe, consumes about 1,200 kilograms of steel per capita per year. So for us to go from 30 kilograms to 500 kilograms of steel consumption on a per capita per year basis, we need to be producing an additional 120 million tons of steel.
Getting a one million ton capacity costs one million U.S. worth of investment. So right there we’re going to need investment amounting to $120 billion U.S. just to ramp up production capacity so we can start thinking about becoming modern."
How much is all that in barrels of oil in our "zero sum game" world? What do you want, skyscrapers and highways and cars . . . oh man. Where are those other two planets we are going to need?
REMant 03/02/2011 10:32 AM Report
I think the value of commodities vs manufacturing depends mostly on monetary policy, which may be seeing a major correction.