To Get Rich is Glorious: Examining China's Purpose of Wealth and its Implications for Indonesia

Deng Xiaoping Economic Reforms To Get Rich is Glorious

Authors

July 28, 2024

Abstract

This essay examines the impact of Deng Xiaoping’s “To Get Rich is Glorious” concept on China’s economic reforms and its subsequent influence especially in Indonesia. Originating in the late 1970s, this concept spurred economic growth, entrepreneurship, and international engagement in China. The analysis delves into the historical aspects and current economic connections between China and Indonesia. It unveils China’s substantial contribution to Indonesia’s progress in infrastructure, development, digitalization, and industrialization. While bilateral relations present opportunities, challenges such as Indonesia’s reliance on Chinese debt and diplomatic issues are acknowledged. Future outlooks underscore the importance of ongoing collaboration to foster Indonesia’s economic growth, all within the framework of its partnership with China. In essence, Deng’s concept has not just influenced China’s course, but has also left a lasting impact on Indonesia’s economic path.

Keywords: Deng Xiaoping, Economic Reforms, To Get Rich is Glorious

 

Abstrak

Penulisan ini mengkaji dampak konsep “To Get Rich is Glorious” yang diperkenalkan oleh Deng Xiaoping pada reformasi ekonomi China dan pengaruhnya terhadap Indonesia. Konsep yang diperkenalkan pada tahun 1970 tersebut telah berhasil mendorong pertumbuhan ekonomi, kewirausahaan, dan keterlibatan internasional di China. Analisis penulisan menitikberatkan pada aspek sejarah dan ekonomi antara China dan Indnesia, terutama di bidang infrastruktur, pengembangan, digitalisasi dan industrialisasi. Meski hubungan bilateral tersebut menawarkan banyak kesempatan, terdapat beberapa tantangan seperti ketergantungan Indonesia pada utang China serta masalah diplomatik. Proyeksi masa depan antara Indonesia dan China sangat menekankan pada pentingnya kolaborasi berkelanjutan dalam mendorong pertumbuhan ekonomi Indonesia. Dengan demikian, konsep yang diperkenalkan oleh Deng Xiaoping tidak hanya memengaruhi ekonomi China namun juga meninggalkan dampak pada ekonomi di Indonesia.

Kata Kunci: Deng Xiaoping, Reformasi Ekonomi, To Get Rich is Glorious