STRENGTHENING ENTREPRENEURSHIP IN MILLENNIALS FOR INDONESIAN COMPETITIVENESS IN THE ASIA REGION

Abstract

Various obstacles hindering the movement of various resources and economic activities such as tariff and non-tariff policies have begun to be eliminated. Consequently, the level of competition in the ASEAN region will get more intense. The question is whether Indonesia is ready to face the millennial era. Indonesia’s entrepreneurial culture that is not yet strong is feared to affect the country’s ability to tap into the enormous potential of its domestic market. This is a reminder that in the millennial era, the penetration of foreign products into the domestic market will be even more massive. To strengthen the nation’s competitiveness, the Indonesian government must encourage entrepreneurship to grow into a new culture in the lives of the people. This can be done by involving educational institutions ranging from the basic level to higher education, increasing the research and development budget, and promoting entrepreneurship training.