ABSTRACT
The global COVID-19 pandemic has suppressed the economy and people's welfare, including in Indonesia and Central Java Province, as indicated by the weakening of the national economy by -2.06 percent and locally by -2.65 percent in 2020. Although the economy grew by 3.32 percent in 2021, societal welfare remains lower than in 2019, marked by an increase in unemployment and poverty throughout 2019-2021. Furthermore, the threat of COVID-19 including new variants of the virus continues to weigh on the economy, in 2022 and beyond. This study considered an industrial approach to production, based on inter-industrial linkages and policy simulations with input-output analysis. The objectives of this research are to analyze the impact of the COVID-19 pandemic on the economy of Central Java and to formulate an effective economic recovery policy for industry. The results show that the industries affected by the COVID-19 pandemic in Central Java can promote recovery of overall income in economic industry better than the leading industry and the industries with the highest output multipliers, expressed as a proportional increase in final demand for each industry. Meanwhile, the economic recovery strategy of increasing final demand in industries with high output multipliers results in a faster increase in economic output compared with increasing final demand in the affected industries or leading industries.
ABSTRACT
The rivalry between China and Australia in the Pacific region shows high tension. This rivalry has increasingly intense in the form of providing assistance to deal with the COVID-19 pandemic, where both countries have various motives of interest by providing the assistance. This article aims to describe the economic and political motives of China and Australia in order to provide assistance in handling COVID-19 to countries in the Pacific region. This article used a descriptive method by collecting several sources from books, journals, official documents, and scientific articles on the internet. It finds that China and Australia have economic and political-security motives from the assistance provided to countries in the Pacific region. The large natural resources in the Pacific region and its transformation into a world maritime trade route become the economic motives. The political motives for China are the principle of "One China" and a "Good Image/Perception" for China, while the political motive for Australia is strengthening Australia's solidarity in the Pacific region. This article concludes that China's presence in the Pacific region, which includes assistance in combatting COVID-19 and other concerns, puts China a threat to Australia, making the rivalry between the two countries is no longer inevitable.