Indonesia’s rational choice in the nickel ore export ban policy
| Autor: | Rizal Budi Santoso, Windy Dermawan, Dwi Fauziansyah Moenardy |
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| Jazyk: | angličtina |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Cogent Social Sciences, Vol 10, Iss 1 (2024) |
| Druh dokumentu: | article |
| ISSN: | 23311886 2331-1886 |
| DOI: | 10.1080/23311886.2024.2400222 |
| Popis: | Indonesia banned nickel ore exports to assert sovereignty over natural resources, boost nickel product value, and boost the economy. This strategy increased Indonesia’s influence in global trade negotiations, showed autonomy, and ensured long-term advantages. The policy prioritises domestic nickel derivative production to increase nickel product value and industry self-sufficiency. Nickel is used in Indonesia’s diplomatic and economic efforts to increase its influence on world politics and trade. The analysis explores the decision by Indonesia to implement an export ban on unprocessed nickel ore illustrates a strategic synthesis of economic nationalism and political sovereignty. This policy, vigorously promoted by President Jokowi, aligns with the broader vision to bolster Indonesia’s economic competitiveness and achieve self-sufficiency by enhancing the domestic nickel processing industry. Utilizing its substantial nickel reserves, Indonesia not only seeks to strengthen its economic position but also to assert its sovereignty in global affairs, potentially shaping international nickel market dynamics. This policy serves dual purposes: it addresses domestic economic goals and strategically positions Indonesia as an influential player in the global nickel market. Monitoring the outcomes of this policy will be crucial in understanding its impacts on Indonesia’s economy and its relations on the international stage, ensuring that the country maximizes benefits from its natural resources. |
| Databáze: | Directory of Open Access Journals |
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