Mitigating Economy Risk in The Digital Era Through Export Diversification

Abstract

Bunno, Ueki, & Shinohara, 2015). There are some roles of ICT on production process: 1. To reduce the costs to increase productivity, 2. To offer a quick connectivity, 3. To replace other such as physical travel, 4. To add choice in the marketplace and 5. To provide access to goods and services which are unavailable, 6. To extend the scope of area of potential markets and to distribute all the kind of knowledge and information (Zuhdi, 2014).However, ICT also can create economy risk in the global economy including Indonesia. ICT's ability to reduce the space and offer a faster connectivity enhances the flow around the world that link Indonesia to other countries or more often known as globalization. Globalization has grown due to advances in information and communication technology. Linking with this global marketplace can trigger domestic recessions. Therefore, to reduce this risk, ICT use should give more support to the domestic marketplace in term of a production process. Besides that, due to ICT use could extend to integrate with other countries, the diversification still has important roles (DeMaagd, 2009). Furthermore, external economic shocks in this digital era

Strategy of Developing Local Economy Based on Regional Superior Commodities

“…This is due to the increasing demand for goods and quality. Also, it is also due to business competition to gain a market advantage (Rentnosari & Ramana, 2019). Improving the quality and production of salacca zalacca can be done by providing superior seeds, organic fertilizer which is known to improve the quality of salacca zalacca fruit, then training farmers to produce superior seeds and providing organic fertilizer independently so as not to depend on the government.…”