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Indonesia is home to a series of large business groups or conglomerates. In what ways do...

Indonesia is home to a series of large business groups or conglomerates. In what ways do these firms enhance the Indonesian economy and how do they hold it back?

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Answer #1

Indonesia has a large number of domestic and foreign business groups or conglomerates. They have positively affected the economic growth of the country.

  • A country like Indonesia usually depends on its domestic market. Domestic firms have increased the total output of the country along with their GDP.
  • Foreign firms brought a high amount of FDI into the country that helped the country to grow its resources and technologies and give a boost to its economic growth.

To conclude, we can say that business groups (domestic and foreign) have enhanced the economy of Indonesia and did not hold it back.

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