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THE ROLE OF DEDOLLARIZATION AND BRICS EXPANSION IN STRENGTHENING ECONOMIC RESILIENCE IN DEVELOPING COUNTRIES: (A Study of Brazil, Russia, India, Indonesia, and Egypt) Muhamad David; Erni Achmad; Putri Intan Suri
Journal of Development Economics and Digitalization, Tourism Economics Vol. 3 No. 1 (2026): Januari
Publisher : Yayasan Nuraini Ibrahim Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70248/jdedte.v3i1.3616

Abstract

The dominance of the United States dollar in the global financial system has persisted for decades and has influenced the economic stability of developing countries. Dependence on the dollar makes developing countries vulnerable to exchange rate fluctuations, United States monetary policy, and global economic pressures. Therefore, the phenomenon of dedollarization has emerged as an effort to reduce dependence on the dollar through the use of local currencies in international trade and the diversification of foreign exchange reserves. In this context, the BRICS group plays an important role in promoting the dedollarization agenda and expanding economic cooperation among developing countries. This study aims to analyze the development of dedollarization and the expansion of BRICS in strengthening the economic resilience of developing countries, particularly Brazil, Russia, India, Indonesia, and Egypt. The research method employed is a qualitative descriptive approach using secondary data in the form of foreign exchange reserves, Gross Domestic Product (GDP), exchange rates, and international trade indicators during the 2015-2024 period. Data were obtained from various official sources such as the International Monetary Fund, the World Bank, and publications from the central banks of each country. The results indicate that dedollarization policies and the expansion of BRICS contribute to strengthening the economic resilience of developing countries through increased foreign exchange reserves, diversification of international trade, and stronger regional economic cooperation. Russia and India demonstrate relatively stronger economic resilience due to their large foreign exchange reserves and substantial economic capacity. Meanwhile, Indonesia and Egypt still face various structural challenges in improving economic stability and global trade capacity.
Determination of Poverty Levels in Jambi Province: A District/City Panel Data Approach Rika Meliana Syahputri; Erni Achmad; Putri Intan Suri
Escalate : Economics and Business Journal Vol. 4 No. 3 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i3.558

Abstract

Poverty remains a major development challenge in Jambi Province due to persistent poverty disparities between districts and cities, although the overall percentage of the poor population shows a downward trend. This study aims to analyze the development of the Human Development Index (HDI), the Open Unemployment Rate (TPT), population growth, and the poverty rate, and to examine the influence of these three variables on the poverty rate in Jambi Province. The study uses a quantitative approach with a panel data regression method. The study population covers all 11 districts and cities in Jambi Province, while the sample is determined using census techniques so that the entire population is used as the unit of analysis for the period 2020 to 2024. The research instrument consists of secondary data documentation obtained from the Jambi Province Central Statistics Agency and related publications. Data analysis includes descriptive analysis, panel data regression model selection, classical assumption tests, and hypothesis testing. The results show that the HDI has a negative and significant effect on the poverty rate, population growth also has a negative and significant effect, while the Open Unemployment Rate has no significant effect. Simultaneously, all independent variables have a significant effect on the poverty rate. In conclusion, improving the quality of human development is a major factor in reducing poverty in Jambi Province, while poverty alleviation policies need to be integrated with equitable development and strengthening regional economic capacity