Indonesia Business Features

To: Jeanette Martin

From: Ebonie Shegog, Kiyoon Lee

Date: March 7, 2013

Subject: Intercultural Business Report - Indonesia

Indonesia

Indonesia is the country located on southeastern part of Asia. It is an archipelago between the Indian Ocean and the Pacific Ocean, the world’s biggest archipelagic state home to the world's largest Muslim population. In past years, many renowned economists and analysts have strived to shed light on this country. Indonesia is rapidly emerging with bright prospect and limitless potential. Indonesia is a part of VISTA (Vietnam, Indonesia, South Africa, Turkey, and Argentina), also VIP (Vietnam, Indonesia, and Philippine), TIMBI (Turkey, India, Mexico, Brazil, and Indonesia), CIVET (Colombia, Indonesia, Vietnam, Eygpt, and Turkey), and MISKT (Mexico, Indonesia, South Korea, and Turkey). The acronyms are newly coined among economists and have spread through diverse media because of these particular countries active stances in global economy.

National Flag

The National flag of Indonesia is known as Sang Saka Merah-Putih ("The Sacred Red-and-White") among the Indonesian community (Embassy of Indonesia, 2007). The flag itself was introduced and hoisted in public at the Indonesian Independence Day ceremony, on August 17, 1945. The flag is made up of two equal horizontal bands of red on top and white; the colors derive from the banner of the Majapahit Empire of the 13th-15th centuries. Red symbolizes courage, and white represents purity. In addition, the red represents the human body or physical life, while white represents a human's soul or spiritual life. There has been confusion between the flag of Indonesia and the flags of Monaco and Poland. However, the Monaco flag is shorter and the Polish one is colored opposite of Indonesia’s flag.

Geography

The location of Indonesia is just between the Pacific Ocean and Indian...