Wednesday, 27 November 2019 14:03

“ASEAN-South Korea Jointly Face the Challenge of Age of Disruption”

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The pace of technology development had changed human life dramatically. That was stated by Indonesian President Joko Widodo in ASEAN-Republic of Korea CEO Summit at Busan Exhibition and Convention Center (BEXCO) on Monday (Nov25). President Joko Widodo said, the world changes rapidly and it is called the age of disruption. Big data, artificial intelligence, 4.0 technology had torn down all definition, measurement, and theories that have been used as reference until nowadays.

The Indonesian president further explained that the age of disruption brings a great opportunity, but along with unimaginable challenges. They are increasing tendency of economic nationalism and populism in some countries for several recent years. Even now, anti free market movement has emerged and protectionism approach dominates further.

President Joko Widodo stated that collaboration and win-win paradigm that in some decades had been basis for global economic cooperation is gradually replaced by transactional and zero-sum-game approaches. If nothing is done against them, global economic recession resulting from dysfunctional economic system and global finance as well as distrust towards global economic institution that had happened in 1930s, could repeat. The loss will be experienced by developed countries, emerging economies, developing countries, as well as business world. Therefore, President Jokowi affirmed that it is common responsibility to reject the global economic recess.

Apart from age of disruption, during the forum President Joko Widodo also spoke about renewable energy. According to the President, ASEAN and South Korea must be the foremost in renewable energy development in the region. He explained, Indonesian government had issued the obligation to mix biodiesel fuel from palm oil with solar amounting to 20 percent, which is called B20.

Next year, Indonesia will increase it into 30 percent or B30. Currently, Indonesia is developing water-based power plant. This is part of commitment made by Indonesian government towards Paris Agreement, namely utilizing low-emission energy. 

Read 221 times Last modified on Saturday, 30 November 2019 09:36