Indonesia Finance Minister Says G-20 Creates Anxiety

The video discusses the non-zero sum nature of trade, emphasizing its role in global development and poverty reduction. It highlights the challenges faced by G20 leaders in resisting protectionism and the impact of US trade policies on the global economy. The discussion also covers Indonesia's trade position, its resilience due to domestic demand, and the potential effects of a US-China trade war.

What is the main argument against viewing trade as a zero-sum game?

• Trade is an engine of growth and poverty reduction.

• Trade leads to increased protectionism.

• Trade creates winners and losers equally.

• Trade benefits only the exporting countries.

Why is the G20's commitment to resisting protectionism important?

• It ensures that only developed countries benefit from trade.

• It helps maintain global economic stability.

• It allows countries to impose tariffs freely.

• It focuses on domestic economic policies.

How might Indonesia benefit from US tariffs on China?

• By reducing its domestic demand.

• By imposing its own tariffs on China.

• By becoming a more attractive trade partner.

• By increasing its dependency on trade.

What role does domestic demand play in Indonesia's economy?

• It increases dependency on exports.

• It limits economic growth to 3%.

• It compensates for weak global demand.

• It reduces the need for foreign investment.

What is a key factor in Indonesia's economic transformation?

• Diversification through trade.

• Increased protectionism.

• Focus on primary industries.

• Reduction in population size.