Indonesia earns place BRIC countries

Investors and market analysts have growing doubts about Russia’s place in the line of BRIC countries, Brazil, Russia, India and China. Many feel that Indonesia deserves this place more, or should be added to the list. Russian politics is unreliable, disturbing demographic trends and the corruption is all over the place.

Indonesia has chosen a prudent financial policy against economic growth (6% in 2010 according to the IMF) and has strong political and social structures. The twice elected President Susilo Bambang Yudyoyono is investing in schools and healthcare and the country has enough capital to keep it from danger.

Some figures illustrate the differences: the Indonesian stock market performed in 2010 over 50% more than in 2009, compared to 7.4% for Russia. The growth of GDP is 5.8% and 2.7%. In Indonesia, 27% of the population younger than 15 years, against 14.8% in Russia. Furthermore, Indonesia has 60-plus and 8.8% Russia 17.8%.

Source: ProfNews