Usia muda, karir sukses, apalagi?

Usia muda, karir sukses, tinggal di kota megapolitan seperti Jakarta, lingkungan sosial kelas atas, apalagi yang kurang?
Sejenak kita coba alihkan perhatian kita pada hal yang tidak lagi asing di negeri ini, Pasar Properti. Pernah berpikir untuk mempunyai investasi di masa depan? Ketika anak cucu tumbuh berkembang, kekhawatiran merajalela akan ketidakpastian masa depan mereka? Tentunya segala bentuk persiapan baik untuk diri sendiri maupun untuk keturunan akan menjadi salah satu bahan pemikiran bagi setiap manusia dewasa yang memikirkan kehidupannya. Saya pernah mencoba berinvestasi, tidak besar, sekedar membeli beberapa gram emas, dan akhirnya saya rasa saya gagal. Bukan emasnya hilang, namun memang tiba-tiba saya perlu menguangkan emas yang sudah saya investasikan. Harganya? Tidak naik sejak 2 tahun lalu saya membelinya.
Pernah terpikir mempunyai rumah atau apartemen di usia muda?
Saya selalu memimpikan itu. Harga miliaran? Pernah terpikir bagaimana banyak orang di Jakarta mampu membeli sekian banyaknya properti atas nama mereka dan anak cucu mereka?
  1. Adanya kesadaran bahwa investasi properti merupakan salah satu pilihan yang kerugiannya hampir mendekati nol, apabila dipertimbangkan dengan tepat.
  2. Kesadaran tersebut akan membimbing keinginan kita untuk dengan sadar menyisihkan sebagian penghasilan kita mencapai nilai tertentu yang diperlukan untuk memulai investasi kita.
  3. Keputusan kreatif melihat perkembangan pasar properti di Indonesia dan mulai melirik kemungkinan adanya kesempatan di luar negeri untuk menghindari stagnasi di tingkat tertentu.
  4. Berani mengambil risiko dan putuskan segera, sekarang juga.
Berikut gambaran beberapa masyarakat Malaysia, Indonesia, Hong Kong, dan Singapura terhadap Pasar Properti.

Artikel penuh di situs jual rumah di Indonesia,


HPAIR Asia Conference 2011: Seminars

(This post is based on my personal notes. The contents may different from the speakers has delivered. It is my best effort to complete and deliver it in this blog.) 


By Keun Lee (Professor of Economics at Seoul National University)

August 20, 2011 / 14.30 – 15.30 Seoul Time / Room 318C COEX

  • Beijing Consensus:
    • NO, western democracy – growth,
    • NO, privatization/financial liberalization – growth,
    • YES, communist party/authorized – growth
  • Can China free from the middle-income country trap? 
    • From low-middle: basic institution and primary & secondary education,
    • From mid-high: R&D and tertiary education
  • Challenges ahead for China compared with Korea:
    • First, short and medium term: upgrading into higher value-added,
    • Second, longer term: equity and more democratization


By Jai-Ho Chung (Assistant professor of International Business at the Business School of Korea University)

August 21, 2011 / 15.30 – 16.30 Seoul Time / Room 112 Gwangbok Hall Yonsei Univ.

  • The Mechanics of Financial Crisis
    • Financial Crisis and The Economy
      • Falling asset prices reduce aggregate demand
      • Financial institution failure reduce lending
      • Credit crunch: A sharp decrease in back lending
      • The fall in aggregate demand worsens the financial crisis
    • The US financial crisis 2007-? (Great moderation)
    • What happened? (In 2007-2009)
      • Stock dropped 55%
      • Unemployment doubled to 10%
      • Failures of larger prestigious institutions like Lehman Brothers
  • Background of Crisis
    • Prevelance of Neo-Liberalism
      • Deregulation
      • Globalization with the Anglo-Saxon standard
    • Global Imbalance; China leads US money
      • US has the most well-developed financial market
      • Asian crisis in 1990s
      • The status of the USD as vehicle currency
  • Implications for Asia
    • Dillema situation for Asian government
      • US brands holdings of Asian government
      • Falling USD
      • No way out: Switch to Yen or France Fr. ?
    • Huge capital inflow
      • Expansionary monetary policy in US (consecutive implementations of quantitative easing)
      • Inflation is likely especially for the countries which one open to foreign capital
    • Drastic fall in exports
    • Shortage of foreign exchange , USD (deleveraging), immediate implication right after the crisis.
  • Lessons for Asia
    • How to manage foreign reserve?
      • Diversification?
    • Lesson on how we should regulate financial industry
      • Should be more cautious on “shadow” banking system; they lend a money then lend it to the third party (many non-bank banking)
      • Create more regulations
    • Asian Monetary Union?
      • More cooperation among Korea, China, and Japan
      • Provide liquidity if necessary
  • Lessons for the World
    • New International Monetary System
      • More sand in the wheels? (Money flows easily; ATM economy; Foreign investor can invest easily)
      • New vehicle currency? 
    • More focus on sympathy
      • Ethical constraint in addition to budget constraint or technical constraint
      • Harmony between self-interest and morality
    • Reflections on Modern Economic Theory
      • Does economics intensify self-interest?
      • New macroeconomics?
  • Having a single currency in Asian is almost impossible because of the cultural similarity and political


By Kyu-Young (Gary) Chang (Marketing Associate at Yahoo! Korea)

August 21, 2011 / 17.00 – 18.00 Seoul Time / Room B102 Gwangbok Hall Yonsei Univ.

  • General process of consulting business

  • Reasons for movement
    • Location issue, when the company is located too far from your current domicile.
    • Expectation/experience gap, what you have learned in college is actually really different with the reality in job field.
    • Personal career fit,  the company did not match your life vision which is more global than the company already has.
  • Career solution: 5E Factors
      • Direct experience long term-asset
      • Drain understands vs body implements
      • Wooden stick laundry
      • Only twenty-four hours a day for everyone
      • Right amount of effort for whatever needed
      • Last semester in school (save energy, relocate it, prioritize the more important task)
      • Diagnosis solution execution
      • Thinking vs doing at the right time
      • Global language
      • Two-way communication accent matters
      • Working overtime overnight
      • Drinking smoking stress management
  • Contradicting values within career

    • Make your decision on your actual experience
    • Think about your ultimate reason for being successful
    • Try to enjoy your life as much as you can, as it happens only once


By Masahiro Kawai (Dean and CEO of the Asian Development Bank (ADB) Institute)

August 23, 2011 / 15.30 – 16.30 Seoul Time / Room 301A COEX

  • Global Financial Crisis
    • Four policy mistakes behind the global financial crisis (GFC)
      • Failure macroeconomic policy (monetary policy) to control the buildup of financial vulnerability and systemic risk
      • Flaws in financial regulation and supervision
        • Inadequacies of macroprudential approach
        • Shadow banking, outside of regulatory perimeter
        • “Too-big-to-fail” problems
        • Insufficient capital adequacy and liquidity standards
        • Inadequate transparency on derivative products
        • Procyclicality
      • Weak global financial architecture
        • IMF and FSF unable to forcefully identify risks and issue strong warning
      • Global payments imbalance
        • The arguments by Greenspan (“Conundrum”) and Bernanke (“Savings glut”) suggest that East Asia supplied ample liquidity to the US and kept the US long-term interest too low
    • However, we believe the importance of the fourth cause is less
      • The current account deficit was concentrated in the US while there were many surplus countries
      • The financial crisis concentrated in the US and Europe
      • Not all countries had housing bubbles or crisis (e.g. Australia and Canada managed well)
    • Post-GFC crisis/turbulence in the west
      • Zero-interest rate policy and quantitative easing (QE) by the US federation
      • Sovereign debt program (US) and crisis (Eurozone)
      • US government lost AAA-rating
  • Asian Financial System
      • Asian financial system were relatively unswitched from GFC, reflecting sound balance sheets, prudent risk management, and modest exposure to toxic assets
      • Large foreign exchange reserves provided a cushion against volatile capital flows in most cases
      • Asian regulatory frameworks were more “conservative”, with less regulatory capture and less ideology about virtues of the free financial markets
      • Asian regulators already had some macroprudential policies (administrative guidance to limit bank-credit growth, real estate, etc)
    • Asian Weaknesses
      • Asian financial system still bank-dominant, with smaller bond markets and modest role for security, derivative product, etc
      • Low degree of regional financial integration in portfolio investment, still depends on London/NY
      • Limited regulatory capacity to address procyclicality
      • Vulnerable to volatile capital flows
    • Asian perspective on Global Regulatory Reformation
      • G20 agreements reached so far:
        • Requirements for greater quantity and quality of capital
        • Liquidity requirements
        • Leverage ratio
      • G20 issues expected to be finalized this year
        • Identification, surveillance, regulation, and resolution of systemically important financial institutions (SIFIs), especially global ones (GSFIs)
        • Strengthened oversight of shadow banking
        • Shadow of OTC
      • Asia’s need to balance regulation and supervision with financial development
    • Implication for emerging Asian economies
      • Need more emphasis on asset quality
      • Need to strengthen regulatory capacity
      • Need global and regional cooperation
    • Reform of the international monetary and financial system
      • Improve IMF surveillance
      • Creation of the Financial Stability Board (FSB)
      • Strengthen global financial safety nets
  •  Challenges for Emerging Asian
    • Deepen and integrate financial markets
      • Asia needs to integrate financial markets
      • This should also encourage recycling if Asian saving for Asian investment within the region, thereby helping to avoid “double mismatches” and facilitating growth rebalancing
      • Previous initiatives of local-currency bond market development need to be strengthened
    • Manage capital flows to reduce systemic risk
      • Structural measures
      • Macroeconomic measures
      • Macroprudential measures
    • Improve regional approaches to financial stability
      • Transform the Chiang Mai Initiative Multilateralization (CMIM), aregional financial safety net, into Asian Monetary Fund (AMF)
      • Work with IMF for large-scale crises
      • Coordinate regional exchange rate policies
      • Create an Asian financial stability dialogue (AFSD) among central banks, regulators, and finance ministry officials
  • Complementary of Global and Asian Financial Government 

  • Conclusion
    • Reforms of Asian financial system since the Asian financial crises saved them well driving the GFC
    • Regional financial integration can contribute to both financial stability and growth re-balancing
    • Development of regional institutions
    • Volatile capital flows remain a major risk factor for Emerging Asia


By Brendan Howe (Associate Professor of International Relations at Ewha Women’s University

August 23, 2011 / 17.00 – 18.00 Seoul Time / Hall E3 COEX

  • Human Security
    • Freedom from fear and freedom from want
    • Protection of individuals rather than states
    • Human beings have entitlement rights
    • Complex of interrelated threats to individual human wellbeing associated with interstate war, civil war, genocide, ethnic cleansing, the displacement of population, natural disaster and pandemics.
    • Broadest interpretations include aspects of security related to food, health, the environment, communities, politics, and human rights.
  • Human Security and Human Development
    • People-centered
    • Challenge orthodoxy
    • Multi-dimensional
    • Address dignity as well as material and physical concerns
    • Mutually reinforcing
    • Impose duties on wider international community
  • Negative Reinforcement 
    • “We will not enjoy security without development, development without security, and neither without respect for human right” (Kofi Annan, Former General-Secretary of UN)
    • Post-bellum threat: Breakdown of law and order, the spread of disease, poor nutrition, infrastructure collapse, scarcity of medical supplies (although ironically often a proliferation of illicit drugs), and continued criminal on civilion populations, unemployment, displacement, homelessness, disrupted economic activity, and stagflation.
  • Entitlement Rights
    • Human being have entitlement rights by virtue of being human beings
    • Responsibility to protect and to provide
    • Freedom from fear and freedom from want
    • Who should protect and provide? IGOs, States, NGOs, Citizens – all owe a duty to fellow human beings regardless of nationality, religion, ethnicity, etc
  • Governance: The sum of many ways individuals, institutions, public and private, manage their common affairs.
  • Responsibility to Protect
    • Peace keeping and humanitarian law
    • Nuremberg, UN Charter, Universal Declaration of Human Rights, Covenants on Civil & Political / Economic & Social Rights, end of the Cold War, Rwanda, Kosovo
    • R2P: “Clear and unambigous acceptance by all governments of the collective international, responsibility to protect populations from genocide, war crimes, ethnic cleansing, and crimes against humanity.” Intervention.
  • Responsibility to Provide?
    • Non-violent challenges and the inactions or incompetence of states may actually pose a greater threat to human security
    • Burma – time for aid invasion?
    • Lao PDR – complex relationship security and development
  • Conclusions
    • Traditional state-centric concepts insufficient to encompass diverse threats to the lives and livelihoods of the citizens
    • R2P: Duty to intervent to protect and to provide freedom from fear
    • Freedom from want requires aid invasions?
    • At minimum need to combine perspectives not only because want kills more than the violence which causes fear, but also because of the integrated nature of the two sets of issue
    • = Responsibility to Provide

This all my notes regarding to all-5-seminars I have taken during the Harvard Project for Asian and International Relations: Asia Conference 2011, in Seoul, South Korea. Hope it comes out with something in your mind. Good luck.

HPAIR Asia Conference 2011: “Green Dominance” Panel Session

(This post is based on my personal notes. The contents may different from the speakers has delivered. It is my best effort to complete and deliver it in this blog.) 

SESSION 1: August 20, 2011 / 11.00 – 13.00 Seoul Time / Room 307 COEX

#1: Tsutomu Toichi (Senior Managing Director and Chief Knowledge Officer of IEEJ)

  • Asia is the most developing / increasing primary energy demand, e.g. China 51%, India 18%, and Japan 7%
  • Carbon dioxide emission reduction by technology: Energy saving (54%), Fuel switching (35%) by biofuel, Carbon capture and storage (CCS) is not environmentally friendly (12%), Nuclear (13%), Wind, solar, etc (10%)

#2: Youngho Chang (Assistant Professor of Economics at the Division of Economics and Adjunct Senior Fellow at the S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore).


  • Drivers of Renewable Energy Market in Asia (4 As):
    • Availability of Resources, the amount of energy supply (fossil fuels and natural resources),
    • Applicability of Technology e.g. oil rigs and coal mining,
    • Acceptability of Society, how people accept energy resources,
    • Affordability of Prices, average retail price of motor gasoline and electricity.
  • Barriers for Renewable Energy in Japan:
    • 1. Best land-based is in northern and southern while the best demand is in the middle.
    • 2. Limited natural resources project funding.
  • Major Barriers in promoting renewable energy in ASEAN:
    • Lack of experience and awareness in technology and management (Laos, Vietnam, Cambodia, Thailand, Philippines, Brunei),
    • Lack of funding or financing difficulties (All except Brunei and Singapore),
    • Limited policy framework (Vietnam, Cambodia, Malaysia, Philippines, Brunei),
    • No market infrastructure (Vietnam, Indonesia, Thailand, Philippines, Brunei)
    • 1. Large resource availability countries (China, Korea, Japan, ASEAN) have the potential to cooperate.
    • 2. An integrated energy market in the region can help more renewable energy to be harnessed.
    • 3. The current status of renewable energy market is not in a good shape yet in a future according to the 4 As.

#3: Hiroyuki Ozaki (Professor at the Graduate School of Business , Tokyo University of Technology)


  • Fukushima: Nuclear exploded, around 20 km is restricted
  • How to reduce demand? Reduce consumption and increasing supply
  • Nuclear is not safe but it is the needs of growing economy
  • The green energy should think about the centralization. Some democracy haven’t accept the innovation.
  • World investment growth in green energy:
    • Wind,
    • Solar,
    • Biofuel,
    • Biomass
  • Issues in promoting energy:
    • Unstable,
    • High-cost,
    • Less-efficiency
  • Japan’s initiative in Driver of Domestic Photo voltaic market:
    • Feed in tariff,  solar power is prioritized,
    • Mega solar business, potential 270 GW, 35 local governments and softbank.

  • Indonesia with the political instability, and the green energy issue is not showed up to the society. How to make it possible? Regulation, limitation to carbon emission by tax, Ask oil company, and Government support by subsidy.

SESSION 2: August 21, 2011 / 16.00 – 18.00 Seoul Time / Room B106 Gwangbok Hall Yonsei Univ.

#4: Farhan Pettiwala (Managing Director (India) of Norfolk Group, Australia)


  • Renewable represents 50% of newly installed Electric Capacity Worldwide (194 GW)
  • Wind power growing 30% annually
  • Global PV (photo voltaic) installations surpassed 40 GW
  • World’s largest geothermal power installation is in California 750 MW
  • Brazil has the biggest renewable history
  • It saves:
    • Power generation,
    • Heating/cooling,
    • Transport fuels,
    • Rural/off-grid energy services
  • Benefit in developing countries:
    • In rural it becomes viable alternative,
    • Small solar PV provides million household,
    • Creates job, etc.
  • PV remained the world’s fastest growing power-generation technology
  • EU added more PV than Wind Capacity in 2010, led by Germany and Italy
  • Future:
    • With less red tape and more efficient policies, China will be a formidable force well in the future
    • Global Solar Policy is the key to creating jobs

#5: Deok-Young Park (Professor of International Economic Law at Yonsei University Law School)


  • Korea:
    • Crude oil import (5th biggest importer, 97% of energy imported),
    • Energy consumption (11th biggest energy consumer, 240 Mtoe),
    • CO2 emission (9th largest emitter in the world, 594 million tons in 2005)
  • Barrier:
    • High initial cost;
    • Perceived risks;
    • Lack of infrastructure, info, and skills
  • Benefit:
    • Reduce CO2 emission;
    • Improve energy security;
    • Spur the economy

I was not able to take the notes of the other two speakers, #6: Supachai Panitchpakdi (Secretary-General of UNCTAD) and #7: Jiangyu Wang (Associate Professor at the Faculty of Law of the National University of Singapore).

SESSION 3: August 23, 2011 / 12.00 – 14.00 Seoul Time / Hall E1 COEX

#8: Suh-Yong Chung (Associate Professor in the Division of International Studies at Korea University)


  • IPCC Fourth Assessment: Approx. 20-30% of plant and animal species assessed so far are likely to increasing risk of extinction if the increases in global increase aprrox. at high level
  • 450 ppm is minimum, it has 40-60% probability of warming exceeding 2 Celcius degrees.
  • Even 2 Celcius degrees will require significant investment in adaptation
  • Unable to find a way of meeting the global target of mitigation: Failed in adopting a comprehensive legal instrument in Coppenhagen to overcome the limitations of Two Track Approach; ineffectiveness market mechanism (CDM, ETS, etc)
  • Implications:
    • First, importance of alternative way of addressing mitigation issue,
    • Second, increasing importance of developing countries (China, Brazil, India, South Africa, Mexico, Indonesia, Korea),
    • Third, need to have a form where more focus on mitigating issues
  • New grouping in the UNFCCC? There are 4 options:
    • 1. Including advanced developing countries in Annex,
    • 2. Creating a third group such as Annex III,
    • 3. Going back to the UNFCCC, leaving Kyoto as it is,
    • 4. Green growth as a alternative strategy to cope with climate change
  • Development is essential
  • Development, mitigation, and adaptation effort are interlinked
  • Low carbon and climate resilient development as the answer “Green Growth Plans”
  • Strategic framework for mitigation and adaptation effort in context of the local economy developing and developed countries
  • Forum: UNFCCC, G20, Major Economies Forum, Regional Forum, Sub-national governments, Private sectors
  • Asia and Pacific:
    • 1. Few countries are related to mitigation,
    • 2. Most of Asia countries concern about the issues of adaptation,
    • 3. Lack of experiences on the regional cooperation,
    • 4. Limited influences of the regional organization

#9: Daeyoung Park (International Adviser on environmental policy and law)


  • Integrated resource management at Global Scale:
    • 1. Redefine “resource” including energy,
    • 2. Combine and integrated issues in policy and regulation

And again, my bad to not able to take the notes of the #10 Zhong Xiang Zhang (Senior Fellow at East-West Center)

This all the my notes on the panel session. My panel is Green Dominance: Asia’s Emerging Leadership in International Environmental Regulation and The Renewable Energy Market, or published with the name of, Political Economy of Environment and Energy.

HPAIR Asia Conference 2011: Business Plenary

(This post is based on my personal notes. The contents may different from the speakers has delivered. It is my best effort to complete and deliver it in this blog.) 

August 20, 2011 / 09.00 – 10.30 Seoul Time / COEX Grand Ballroom

Business Plenary was held to explain the reasons behind Asia’s economic strength while exploring how businesses succeed in Asia.

#1: Matthew Ginsburg (Managing Director and Head of Investment Banking, Asia Pacific, at Barclays Capital)

  • Asian economic growth is excellent and expected to continue.
  • Growth has driven and continues to drive opportunities for investment banks.

#2: Jongnam Oh (Senior Advisor to Kim & Chang, Korea’s most renowned law firm in the Finance Practice Group, Government Relations Practice Group and Japanese Practice Group)

Actually, Mr. Oh delivered his presentation without any slides. He remembered so many numbers in his head, and it was somehow amazing.

  • Why Asia? Because the economics almost reach the limit of growth, e.g. for $6.3 trillion output on 6.3 million people, it means Asia world output is $10,000 per person.
  • Because of the number of the population, 10% economics growth of China means 1% in USA.
  • Asia has great potential if the policy is well-managed.
  • Why Korea saved from globalization? First, Korea experiences financial crisis in 1990s, they went through painful process, then soon, becoming the Leader of the World. Second, Korea exports diversified things, not only to certain country, e.g. to US 11%, to Japan 6%, to worldwide 11%. In 2009, Korea was at number of 0.3%, and nowadays it reaches 6%.

#3: Khee-Hong Song (Managing Partner at Deloitte Consulting Korea)


  • Asia has leading world economic growth in past 3 decades.
  • What leads Asia economic Growth? China because of the investment larger than consumption in many needs, e.g. education, living, etc. India because of the IT service and business outsourcing.
  • IMF predicts in next 20 years Asia will be the major growing region in the world.
  • Characteristics of Asian Economics: First, Heterogeneity does exist between and within nation. Second, Asian’s economics gaps against developed country decreased both in quality and quantity. Third, Intra-Asian trade are the major business.
  • Only Asia region increased its inter-regional trades for the last ten years implying the need to approach the inter-regional trades in strategic way.
  • No. 1 threat in economics growth in Asia is Political Instability. Country with strong authority or regimes has more interesting development compare to the democracy country.
  • In India, to solve the inequality of economy is to create jobs for those who seek a job.

This was the Business Plenary session for today. As engineering student, I found this new discussion was one of important aspects to be learned and added to value your vision to the world.