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Licensing Reformation in Order to Increase Foreign Direct Investment

20 Juni 2012   10:45 Diperbarui: 25 Juni 2015   03:44 91 1

The existence of foreign direct investment in Indonesia is one of the factors that boost economic growth in Indonesia become an indisputable fact. Foreign Direct Investment has raised Indonesian Economy as recorded in historical event. In 1998, Indonesia facing huge crisis that force the economic growth of Indonesia hit the lowest point at -13,68%, existence of foreign direct investment was one of the factor that contribute to the revival of Indonesia, currently, Indonesia’s economic growth rate permeates 6.5%. Economists predict by 2012, Indonesia's economic growth rate will hit 7%. In order to achieve economic growth, it needs conducive investment climate; therefore Foreign Direct Investment will increase.According to Nugroho SBM, one of the factors that affected investment climate is licensing bureaucracy.

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