Minggu, 16 Desember 2018

Jokowi Likens Global Economy to Game of Thrones

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  • Indonersia President Joko Widodo (R) looks to Singapore's Prime Minister Lee Hsien Loong during a book signing before a bilateral meeting at the International Monitary Fund (IMF) and World Bank annual meetings in Nusa Dua,  Indonesia,  October 11, 2018. Sonny Tumbelaka/Pool via REUTERS

    Indonersia President Joko Widodo (R) looks to Singapore's Prime Minister Lee Hsien Loong during a book signing before a bilateral meeting at the International Monitary Fund (IMF) and World Bank annual meetings in Nusa Dua, Indonesia, October 11, 2018. Sonny Tumbelaka/Pool via REUTERS

    TEMPO.CO, Nusa Dua - President Joko `Jokowi` Widodo said that the global economy is like the popular TV series, Game of Thrones. Widodo said there are similarities in which both have several great houses and great families who are fighting fo the Iron Throne.

    "There's the evil winter that aims to destroy the world, covering it with ice and destruction," Jokowi said in his address at the Plennary Meeting, Bali Nusa Dua Convention Center, Friday, October 12.

    The fight for power, he added, results in victories and losses, as the battling great housed do not realize this great threat coming from the north. 

    Read: Jokowi on Fintech Issue; Tight Regulation May Hinder Innovation

    In the global economy, Widodo remarked, the balance of power between advanced nations is cracked, with weak cooperations and coordination. This causes problems among emerging markets such as drastic oil price hikes and weakening currencies. 

    The battle further causes the creations of strong, fast-growing countries; as well as nations with weak and unstable growth. Trade wars escalate, and technology innovation shakes up industries,

    "With these conditions and economic problems, I think it suffices to say that 'winter is coming'", he said. 

    President Jokowi closed his speech asking countries attending the IMF-World Bank meeting to cooperate. Widodo said that there is no value in victory when the whole world is destroyed. 

    Dias Prasongko