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Asean & Global Updates
POSTED | 8:53 AM | 07-05-2014

Indonesia lags in innovative thinking

The World Bank last week declared Indonesia as the 10th largest economy in the world, jumping six ranks from its previous place. Yet the country still lags in technological innovation, which is key to becoming a great nation.

The country is home to seven state organizations in science and technology, but government funding for research and development amounts to less than 1 percent of the annual state budget, or $564 million per year, according to Ridwan Djamalludin of the Agency for the Assessment and Application of Technology (BPPT).

According to the World Bank, Indonesia spent the equivalent of 0.08 percent of its gross domestic product on research and development in 2009, while Malaysia and Singapore spent 1.01 percent and 2.43 respectively in the same period.

Indonesia, however, jumped 12 spots to stand at 64th place this year from 76th last year on the Networked Readiness Index, according to data from the World Economic Forum. The index, which includes 148 countries, measures the propensity for countries to exploit the opportunities offered by information and communications technology on a scale from 1 (worst) to 7.

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