The Faculty of Administrative Sciences held a joint state and market lecture with the theme of Social Democratic Perspective Administration and the Model Developmental State of East Asia on Thursday, Thursday (17/3/2022) at 16.30 to 18.00 WIB.

The event started with the introduction of the speaker by the moderator, namely Dr. Vishnu Juwono, S.E., MIA. Mr. Vishnu explained that this public lecture will be delivered by Muhammad Ikhsan or often called Mr. Ikhsan who is a student professor in the Department of Political Science at National Cheng Kung University, Taiwan.

Then, Mr. Ikhsan started to explain his material, namely the Social-Democratic Economic System and the Experience of Development Countries by asking a question “Why are some countries rich, and other countries poor?” Pak Ikhsan explained that each country has a different GDP. However, according to GDP figures, countries located on the equator tend to be less prosperous.

“Why is there a difference in welfare levels? There are four things that can influence it, namely geographical location, culture of each country, leadership, and political and economic institutions.”

Pak Ikhsan explained then continued his material by explaining about the social economic system. He explained that the country that best reflects the social-democratic economic system is Germany. In addition, there are several other countries that adhere to this system, namely Chile, Syria, and the European Union.

“The emergence of this economic system is an adaptation of Germany to the world war that devastated the country,” he said.

Then, Pak Ikhsan explained that the socio-democratic economic system provides an important lesson, namely that the economic system is nothing but a mutual agreement, formed through the dynamics of the socio-political life of a country’s economists.

After that, Mas Ikhsan explained about The Economic Order to achieve two things, namely ensuring individual property, individual obligations, price stability, predictable economic policies, free trade, and others; and improve market forces, environmental degradation, unfair social development, abnormal labor supply functions.

“There are three determinants of economic progress that aim to achieve prosperity. Namely demographic factors, economic factors, and political factors,” he said.

Then the event which was attended by more than 200 participants continued with a question and answer session. A student expressed his curiosity by asking Mr. Ikhsan a question.

“How can a country intervene in another country? One of them is Indonesia, which seems to be forced to remain in the middle income position because it has a population so that it can become the target market of a country?” he asked.

Then Mr. Ikhsan answered by raising the term about the trap of the middle state.
“Whether a country can get out of the trap of a middle-income country cannot be answered with concepts. Where every concept has strengths and weaknesses where if we look at the practical side there is always dynamics. However, if you look at it, Indonesia has progressed very rapidly since independence. If the system is good, then there is a possibility that Indonesia will be able to get out of the trap and become a more developed country,” he explained.