Strategy to Accelerate Financial Literacy Rate in Indonesia: Best Practices from Selected Countries

Abstract

In the last 10 years, Indonesia's economy has been climbing up significantly and joined the top 20 biggest economy (G20. It is expected that by 2030, the country will be the 7th largest economy supported by what is called "Demographic Dividend" (Mckinsey, 2012). However, in the paradoxical situation, the country's rating in human development index and inequalityadjusted human development index has been deteriorating overtime contributed by stagnant improvement of several development indicators including of access to education and adult financial literacy. This paper will focus on policy recommendation of financial literacy as part of human development capacity building to address inequality issues using the framework of "Functional View of Public Management" developed by Barzelay and Cortazar (2004) and involving several key experiences from countries such as New Zealand, Australia, Singapore and Brazil.

Providing education and financial literacy about stock investment planning for SMK PGRI Pandaan students

“…These two objectives can be achieved if there is a training model and investment empowerment (Nicolini et al 2013). This is also in line with the thoughts of Ifeanyi et al (2019), Askar et al (2020), andNugraha (2020), which details the investment literacy and education coaching and training model through several activities, namely: (1) encouraging the training ecosystem in the school environment to equip students with the right knowledge to make the right investment decisions; and (2) encourage research and innovation, especially digital-based.…”

“…In accordance with Nugraha (2020), that education and investment literacy activities at the school level must be carried out with collaboration, discussion, student empowerment, and innovation activities. The objectives are to: (1) increase students' awareness of investing; and (2) improve investment knowledge and skills.…”

Financial Literacy and Inclusion Analysis of the Community of Pulau Seribu (A Case Study on Pramuka Island on the Limitations of Banking Financial Services in the Pulau Seribu)

“…A study in Indonesia show that Financial Literacy has a positive effect on Access to Finance and Growth of MSMEs, and Access to Finance also has a positive effect on Growth of MSMEs (Susan, 2020). The purpose of financial literacy is to create better economic decisions through citizens who have adequate information and knowledge and also to improve household welfare both individually and in groups (Nugraha, 2018). Financial literacy is able to move economic actors to carry out financial planning.…”

Model Kinerja Pegawai: Kepemimpinan, Budaya Kerja, dan Motivasi Kerja dengan Kepuasan kerja variabel intervening

“…Fungsi pemimpin sebagai pemberi arahan, komando, dan pengambil keputusan (Northouse, 2007;Yukl, 2013). Bentuk dominasi yang didasari atas kemampuan pribadi yang sanggup mendorong atau mengajak orang lain untuk berbuat sesuatu yang berdasarkan penerimaan oleh kelompoknya (Nazwirman, 2020).…”

“…Studi Choi et al, (2013) memberikan hasil adanya hubungan yang kuat dan signifikan positif antara kepemimpinan dengan kepuasan kerja (Mohammad, 2012). Oleh sebab itu hipotesis penelitian ini yaitu H 1 : Kepemimpinan berpengaruh langsung terhadap Kepuasan Kerja Pemimpin berfungsi sebagai pemberi bermacam arahan, komando, dan pengambilan keputusan (Yukl, 2015;Northouse, 2007). Sanggup mendorong atau mengajak orang lain untuk berbuat sesuatu yang berdasarkan penerimaan oleh kelompoknya (Minzberg 2010).…”