Sri Mulyani: Creative Economy, Solution of National Economy

Sri Mulyani: Creative Economy, Solution of National Economy

Bali, 7/11/2018 – The Indonesian Minister of Finance, Sri Mulyani Indrawati stated that inclusive creative economy is the key that contributes to the nation’s economy.

“Creative economy must be great because the creative economy and technology is one of the solutions to economic problems in Indonesia,” Sri Mulyani said when speaking at the World Conference on Creative Economy (WCCE) in Nusa Dua, Bali, on Wednesday (11/7). More than 1,000 people were excited to hear the presentation made by Sri Mulyani.

Sri explained that Indonesia’s GDP grew by 5.27 percent in 2018. Meanwhile the unemployment rate declined from 9.75 percent to 5.19 percent and the poverty rate decreased from 16.38 percent to 9.32 percent.

According to Sri, the world has shifted to a new era, namely the era of digital technology. The presence of internet and the growth of information and communication technology spurred the era of digital technology.

Indonesia, continued Sri, has embarked on the industry 4.0, that is, the industry with internet of things (IoT) and cyber system. The state has a role in supporting the development of fintech for the growth of economy and creative economy. The state formulates policies, provide infrastructure and financing support, as well as cyber protection.

Millennials who have high mobility influence changes in the national economy. For example, the millennials prefer to use online ride hailing applications to buy private vehicles. This provides opportunity for economy actors in Indonesia.

With the development of digital technology, career opportunity in the creative economy sector is increasing. “This phenomenon is not only favorable for the community, but also for the solution of the national economy,” said Sri.

The World Conference on Creative Economy (WCCE) is the first international-level conference on creative economy. The event held at the Bali Nusa Dua Convention Center (BNDCC) on 6-8 November carries the theme Inclusively Creative by raising five main issues, namely social cohesion, regulation, marketing, ecosystems, and financing of the creative industry.

WCCE will also formulate Bali Declaration to be proposed to the UN General Assembly, next year. This is expected to further strengthen the ecosystem and support the development of the world’s creative economy which is embarking to a new era. (mm)