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Tag: Bidenomics

Economy and Finance

These Are The Benefits And Challenges Of Bidenomics To Indonesian Goverment

JAKARTA - Indonesian Institute Development for Economic and Finance (Indef) economist Bhima Yudhistira said that the election of Joe Biden as president of the United States (US) is a new era for the global economy. Indonesia will also be positive. And by its challenges in the policies economics of the Biden era or often referred to as Bidenomics. The greatest potential for Indonesia is the increase in the value export of several commodities. Starting from clothes, apparel, and footwear to fishery products that have been exported to Uncle Sam’s country. This increase is because Biden plans to raise the federal minimum wage which will increase the purchasing power of the US public, especially the middle and lower class. "This will have an impact on product demands, including Indonesian ...