Bilateral Economic Relationship Between Spain and Argentina Compared to Spain and Indonesia

Authors

  • Emy Sri Reskiyah Department of International Relations, Faculty of Economics and Social Sciences, Fajar University

DOI:

https://doi.org/10.36080/jsgs.v1i1.3

Keywords:

International Trade, Investment, Argentina, Indonesia, Spain

Abstract

Abstrak: Argentina dan Indonesia memiliki kesamaan berbagi sejarah panjang dengan berada di bawah masa penjajahan kerajaan Spanyol, dengan perbedaan hanya pada durasi kerajaan Spanyol berada di Argentina lebih lama daripada di Indonesia. Hingga saat ini pengaruh kehadiran Spanyol yang dirasakan Indonesia jika dibandingkan dengan Argentina jauh lebih ringan khususnya di bidang ekonomi. Tulisan ini bertujuan untuk mengkaji dan membandingkan hubungan bilateral yang terjalin antara Spanyol dan Argentina dibandingkan dengan Spanyol dan Indonesia di bidang kerjasama ekonomi terutama namun tidak terbatas pada sektor perdagangan dan investasi dalam kurun waktu 2008-2017. Analisis esai akan dilakukan dalam dua cara dengan menggunakan metode kuantitatif analisis statistik deskriptif dan analisis Strength, Weakness, Opportunities, dan Threat (SWOT). Esai dimulai dengan memberikan gambaran umum tentang profil Argentina dan Indonesia dan hubungan ekonomi mereka dengan Spanyol dan kemudian membandingkan volume perdagangan dan investasi setelah krisis keuangan terakhir. Hasil penelitian menunjukkan hubungan bilateral ekonomi Indonesia-Spanyol masih kurang dinamis dibandingkan dengan hubungan bilateral ekonomi yang terjalin antara Argentina dan Spanyol. Omzet perdagangan antara Argentina dan Spanyol masih jauh lebih tinggi dibandingkan Indonesia dan Spanyol. Argentina dipandang sebagai mitra dagang utama bagi Spanyol sedangkan Indonesia hanya dipandang sebagai mitra strategis dalam perdagangan. Dari sisi investasi, Spanyol merupakan investor terbesar di Argentina sedangkan di Indonesia jumlah investasi yang berasal dari Spanyol masih sangat rendah.

Abstract: Argentina and Indonesia share a long history of being under Spanish colonial rule. When compared to Argentina, the influence of Spain's presence felt by Indonesia is much lighter, especially in the economic field. The objective of this essay is to examine and compare the bilateral relations maintained between Spain and Argentina compared to Spain and Indonesia in the field of economic cooperation mainly, but not limited to, the trade and investment sectors within the period of 2008-2017. The analysis of the essay will be carried out carefully and elaborated in two ways by using quantitative content analysis and Strength, Weakness, Opportunities, and Threat (SWOT) analysis. The essay begins by providing a general overview of the profiles of Argentina and Indonesia and their economic relations with Spain and then comparing trade and investment volumes after the latest financial crisis. The results show economic bilateral relations between Indonesia and Spain is still less dynamic compared to the economic bilateral relations established between Argentina and Spain. Total trade between Argentina and Spain is still much higher compared to Indonesia and Spain. Argentina is seen as the main trade partner for Spain whereas Indonesia is only seen as a strategic partner in trade. In terms of investment, Spain is the biggest investor in Argentina whereas in Indonesia the amount of investment coming from Spain is still very small.

Downloads

Download data is not yet available.

References

Antara News. 2011. “Pengusaha Spanyol Ingin Tingkatkan Investasi di Indonesia.” Antara News. Last modified March 3, 2011. https://www.antaranews.com/berita/248502/pengusaha-spanyol-ingin-tingkatkan-investasi-di-indonesia.

Audrienne, Dinda and August Supriadi. 2016. “Transformasi Ekonomi Global di Mata Sri Mulyani Indrawati.” CNN Indonesia. Last modified August 10, 2016. https://www.cnnindonesia.com/ekonomi/20160810120049-78-150406/tranformasi-ekonomi-global-di-mata-sri-mulyani-indrawati.

BKPM. 2017. “Penanaman Modal Asing di Indonesia.” Kementerian Investasi. Accessed June 11, 2023. https://investindonesia.go.id/id/artikel-investasi/detail/penanaman-modal-asing-di-indonesia.

Blázquez, Jorge and Miguel Sebastián. 2004. “The Impact of the Argentine crisis on the Spanish economy.” Real Instituto Elcano. Last modified January 4, 2004. http://citeseerx.ist.psu.edu/viewdoc/download doi=10.1.1.606.9753&rep=rep1&type=pdf.

Curci, Roberto and Guillermo Cardoza. 2009. “Spanish Foreign Direct Investment in Latin America: Internalization Strategies and Financial Management Practices.” Journal of Comparative International Management 12, no. 1: 29–46. https://pdfs.semanticscholar.org/e91c/8bc6ac74f6cd47b7425b211f66542180a7e5.pdf.

European Union. 2022. “Common commercial policy.” European Union. Accessed June 11, 2023. https://eur- lex.europa.eu/EN/legal- content/summary/common-commercial- policy.html.

Gasparini, Alberto. 2010. Swot Analysis and Planning for Cross-Border Co-operation in Northern Europe. Gorizia: Institute of International Sociology of Gorizia. https://rm.coe.int/16806f8314.

Goldstein, Morris, and Mohsin S. Khan. 1985. “Income and Price Effects in Foreign Trade.” In Handbook of International Economics, edited by R. W. Jones and P. B. Kenen, 1041–1105. Amsterdam: Elsevier Science Publishers.

Helpman, Elhanan. “The structure of foreign trade.” Journal of Economic Perspectives 13 no. 2. (1999): 121–144.

Hirschman, Albert O. 1980. National Power and the Structure of Foreign Trade. Barkeley: University of California Press.

Hutabarat, Leonard F. 2017. “Pasar Prospektif di Amerika Latin.” Jurnal Hubungan Luar Negeri 3 (2): 1–20.

Hutabarat, Leonard F. 2017. Peluang dan Tantangan Kerja Sama Perdagangan di Kawasan Amerika Latin. Jakarta: Pusat Pengkajian dan Pengembangan Kebijakan Kawasan Amerika dan Eropa Badan Pengkajian dan Pengembangan Kebijakan Kementerian Luar Negeri.

Kartasasmita, Koesnadi. 1987 Administrasi Internasional. Bandung: Binacipta.

Macri, Rajoy. 2018. “Celebrate ‘recomposition’ of Argentina-Spain Relationship.” Buenos Aires Times. Last modified April 10, 2018. https://www.batimes.com.ar/news/economy/macri-rajoy-celebrate-recomposition-of-argentina-spain-relationship.phtml.

Malamud, Andres. 2022. “Assessing the political dialogue and cooperation pillar of the EU-Mercosur Association Agreement: towards a bi-regional strategic partnership?.” European Parliament. Last modified January 26, 2022. https://www.europarl.europa.eu/thinktank/en/document/EXPO_IDA(2022)653652.

Martinez, Elena and Francisco Jareno. 2014. “Foreign Direct Investment by Spain in Latin America: Brazil, Argentina and Mexico.” Applied Econometrics and International Development 14, no. 2: 132. http://www.usc.es/economet/journals1/aeid/aeid1429.pdf.

Ministry of Foreign Affairs, International Trade and Worship. 2010. Doing Business In Argentina: An Investor’s Guide. Ministry of Foreign Affairs, International Trade and Worship. Last modified December 2010. https://eguat.cancilleria.gob.ar/userfiles/investorsguide.pdf.

Ministry of Foreign Affairs of the Republic of Indonesia. 2011. “Spanyol Jadikan Indonesia Salah Satu Prioritas Hubungan di Asia.” Ministry of Foreign Affairs of the Republic of Indonesia. Last modified March 4, 2011. https://kemlu.go.id/madrid/en/berita-agenda/berita-perwakilan/Pages/Spanyol-Jadikan-Indonesia-Salah-Satu-Prioritas-Hubungan-Di-Asia.aspx.

Pais, Argentina Ficha. 2019. “Republica Argentina.” Oficina de Informaón Diplomática. Last modified March 2019. https://www.icex.es/icex/es/navegacion-principal/todos-nuestros-servicios/informacion-de-mercados/paises/navegacion-principal/el-pais/relaciones-bilaterales/index.html?idPais=AR#indice.

Panglaykim, J. 1984. Investasi Langsung Jepang di Kawasan ASEAN, Pengalaman Indonesia. Yogyakarta: Andi Offset & Maruzen Asia.

Parameswaran, Prashanth. 2018. “Where is the New Indonesia-Spain Military Pact?.” The Diplomat. Last modified December 182018. https://thediplomat.com/2018/12/where-is-the-new-indonesia-spain-military-pact/.

Ramerini, Marco. 2019. “The Spanish Presence in the Moluccas: Ternate and Tidore.” Colonial Voyage. Last modified May 2, 2019. https://www.colonialvoyage.com/spanish-presence-moluccas-ternate-tidore/.

Relaciones Bilaterales Argentina. 2018. “Resumen de las relaciones bilaterales con España.” Red de Oficinas Económicas y Comerciales de España en el Exterior. Last modified October 2018. https://www.icex.es/icex/es/navegacion-principal/todos-nuestros-servicios/informacion-de-mercados/paises/navegacion-principal/el-pais/relaciones-bilaterales/index.html?idPais=AR#indice.

Ricardo, David. 1821. On the principles of political economy. London: J. Murray.

Sergunin, Alexander, and Valery Konyshev. 2016. “US-Russian Relations.” Russian Analytical Digest (RAD) no. 178: 1–9. https://www.research-collection.ethz.ch/bitstream/handle/20.500.11850/127234/eth-50396-01.pdf.

Thee, Kian Wie. 2012. Indonesia’s Economy Since Independence. Singapore: Institute of Southeast Asian Studies.

United States Government. 2021. “2021 Investment Climate Statements: Argentina.” U.S. Department of State. Accessed June 11, 2023. https://www.state.gov/reports/2021-investment-climate-statements/argentina/#:~:text=Argentina%20presents%20investment%20and%20trade,%2C%20information%20technology%2C%20and%20mining

Downloads

Published

2023-07-31

How to Cite

Sri Reskiyah, E. (2023). Bilateral Economic Relationship Between Spain and Argentina Compared to Spain and Indonesia. Budi Luhur Journal of Strategic & Global Studies, 1(1), 1–25. https://doi.org/10.36080/jsgs.v1i1.3

Issue

Section

Articles