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All Journal Jurnal Ilmiah HUBUNGAN INTERNASIONAL Journal of Social Research
Arief Rahman Maulana
Universitas Brawijaya
Humanities Computer Science & IT Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Library & Information Science Social Sciences

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Considering Indonesia's Economic Growth Direction: Between the OECD and BRICS Arief Rahman Maulana; Aswin Ariyanto Azis
Journal of Social Research Vol. 4 No. 7 (2025): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v4i7.2640

Abstract

This research examines Indonesia's economic strategy in navigating simultaneous engagement with two major economic blocs, the Organisation for Economic Co-operation and Development (OECD) and BRICS, specifically analyzing the relevance of the OECD for Indonesia after BRICS membership amidst the dynamics of economic growth of OECD countries. This research aims to analyze the potential of Indonesia's economic strategy through a hedging concept approach within the framework of BRICS membership and accession to the OECD. Using descriptive-qualitative method based on literature study and secondary data, the patterns of cooperation and economic performance of the two blocs are analyzed. The results show that engagement with BRICS does not diminish the strategic role of the OECD, BRICS offers opportunities through market expansion and access to alternative financing, while the OECD remains vital as a partner to promote structural reforms and improve national competitiveness.
Keanggotaan Indonesia dalam BRICS: Antara Ketahanan Ekonomi dan Kerentanan Struktural Aswin Ariyanto Azis; Muhammad Irfan Azhari; Nisriinaa Alyaa; Laura Ayako Suryawarman; Roy Erza Faraby; Hassya Talitha Nur Mahsa; Arief Rahman Maulana
Jurnal Ilmiah Hubungan Internasional Vol. 22 No. 1 (2026): Jurnal Imliah Hubungan Internasional
Publisher : Parahyangan Center for International Studies

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/jihi.v22i1.10098.1-36

Abstract

Indonesia's decision to join BRICS in 2025 represents a significant foreign policy maneuver. This has generated both optimism and concern, particularly regarding its implications for national economic stability amidst the dynamics of rivalry between Western and non-Western powers. Current studies are limited to the locus of Indonesia's geopolitical strategy or diplomatic approach to BRICS, while readiness approaches to Indonesia's structural economic for deeper integration with BRICS are still relatively minimal. The absence of analyses that systematically assess Indonesia's economic vulnerability and resilience within BRICS membership constitutes a key research gap in this study. Methodologically, this study employs qualitative analysis through literature review, analysis on relevant statistical data, and triangulation with expert interviews from the Indonesian Ministry of Foreign Affairs to deeply examine Indonesia's structural capacity. The findings indicate that Indonesia exhibits relatively strong economic resilience, while simultaneously facing moderate but structural economic vulnerability due to asymmetric economic relationships and high potential dependency with key partners. Consequently, the BRICS membership benefits for Indonesia depends primarily on domestic economic strengthening, ensuring that its membership enhances, rather than limits, national strategic autonomy. Thus, this article provides an evaluative framework to assess the economic implications of Indonesia's membership in BRICS in a measurable framework. Keywords: BRICS; Indonesia; economic vulnerability; economic resilience; foreign policy
Co-Authors Aswin Ariyanto Azis Hassya Talitha Nur Mahsa Laura Ayako Suryawarman Muhammad Irfan Azhari Nisriinaa Alyaa Roy Erza Faraby