Amid ongoing global economic volatility, economists argue that the key to resolving current economic issues lies in focusing on domestic production. This view is based on the assessment that strengthening internal capacity will make the economy more self-reliant and less vulnerable to external shocks.
Prioritizing domestic production not only helps secure supply chains but also creates jobs, raises workers' incomes, and stimulates domestic consumption. This is seen as a vital foundation for macroeconomic stability and long-term growth.
Experts also stress that beyond production, coordinated fiscal, monetary, and institutional reform policies are needed to help domestic enterprises expand operations, improve productivity, and enhance competitiveness. The combination of macro policies and efforts from the business sector will generate strong momentum for the economy.
Experience from many countries shows that during difficult periods, economies that focus resources on domestic production tend to recover faster and are less vulnerable to international fluctuations. Therefore, to overcome challenges, identifying domestic production as a clear priority is considered a necessary and urgent direction.
