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(单词翻译:双击或拖选)
During his first term in office, Indonesian President Susilo Bambang Yudhoyono oversaw1 a period of robust2 economic growth based on exports. This year exports have slowed as a result of the global recession. As the president gets set to begin his second term, one of his chief economic advisers3 says the government must now focus on improving the investment climate to develop domestic industries.
As a result of the global economic slowdown, Indonesia's rate of economic growth went from 12 percent last year to 4.3 percent.
Finance Minister Sri Mulyani Indrawati says the export market that fueled economic growth during President Yudhoyono's first term in office may not recover for some time. She says in his second term the president and his economic team will focus on improving domestic industries.
"I guess President SBY and Vice4 President-elect Bodieno are going to use the theme of improvement of the investment climate still as the main topic for their agenda in the next five years," she said.
Indonesia possesses the large labor5 pool and the abundant natural resources required to develop a manufacturing base that can compete with Brazil, Russia, India and China. But in part because of an uncertain regulatory environment and poor infrastructure6, the country has been unable to attract the investment needed to develop industry.
Mulyani told journalists on Wednesday that the government will first require state-owned enterprises in key agricultural industries such as sugar and fertilizer to modernize7 and maximize production.
"There is no motivation to use their division or the money, the surplus from their revenue, to reinvest it in this industry," said Mulyani. "The president has already outlined an order and I think it will be started in the first year of his next term, 2010, to start revitalizing by these industries."
To the make the economy more competitive, she says, the government is looking at ways to reduce costly8 fuel subsidies9.
And Mulyani says the government is going to get tough with speculators, who stifle10 infrastructure improvements such as roads and bridges, by inflating11 the price of the land needed for these projects.
"The government can make sure that any speculant [speculator] that increases the price, who increases the price extraordinarily12, they are also going to pay the tax," she added. "So that is going to be neutralizing13 from the fiscal14 position."
Ultimately, she says over time the government must divest15 itself of more state-owned businesses to allow the private sector16 to grow.
1 oversaw | |
v.监督,监视( oversee的过去式 ) | |
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2 robust | |
adj.强壮的,强健的,粗野的,需要体力的,浓的 | |
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3 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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4 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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5 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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6 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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7 modernize | |
vt.使现代化,使适应现代的需要 | |
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8 costly | |
adj.昂贵的,价值高的,豪华的 | |
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9 subsidies | |
n.补贴,津贴,补助金( subsidy的名词复数 ) | |
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10 stifle | |
vt.使窒息;闷死;扼杀;抑止,阻止 | |
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11 inflating | |
v.使充气(于轮胎、气球等)( inflate的现在分词 );(使)膨胀;(使)通货膨胀;物价上涨 | |
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12 extraordinarily | |
adv.格外地;极端地 | |
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13 neutralizing | |
v.使失效( neutralize的现在分词 );抵消;中和;使(一个国家)中立化 | |
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14 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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15 divest | |
v.脱去,剥除 | |
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16 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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