The name Indonesia derives from the Greek translation of the Indus River and the word nèsos, meaning "Indian island". The name dates to the 18th century, far predating the formation of independent Indonesia. In 1850, George Windsor Earl, an English ethnologist, proposed the terms Indunesians-and, his preference, Malayunesians for the inhabitants of the "Indian Archipelago or Malayan Archipelago".
Indonesia is an archipelagic island country in South East Asia, lying between the Indian Ocean and the Pacific Ocean. It is in a strategic location astride or along major sea lanes from Indian Ocean to Pacific Ocean. Indonesia's different cultures have been shaped-although not specifically determined-by centuries of complex interactions with the physical environment.
Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. The country is also a member of G-20 major economies and classified as a newly industrialised country. It is the sixteenth largest economy in the world by nominal GDP and is the eighth largest in terms of GDP (PPP). Indonesia still depends on domestic market, and government budget spending and its ownership of state-owned enterprises (the central government owns 141 enterprises) and the administration of prices of a range of basic goods including, rice, and electricity plays a significant role in Indonesia market economy, but since the 1990s, 80 percent of the economy has been controlled by private Indonesians and foreign companies. The Indonesian Institute of Sciences (Indonesian: Lembaga Ilmu Pengetahuan Indonesia or LIPI) is the governmental authority for science and research in Indonesia. It consists of 47 research centers and some group of Journals list of Chemistry journals Indonesia, Indonesia Chemistry journals list, Chemistry journals Indonesia, list of Chemistry journals, Chemistry journals in the fields ranging from social to natural sciences.
Several leading Institution in the country including Universitas Padjadjaran, Stenden University of Applied Sciences, Telkom University, President University, International University Liaison Indonesia, IPMI International Business School, Indonesia International Instutite for Life Sciences (i3L), Universitas Siswa Bangsa Internasional, Diponegoro University, INTI College Indonesia, University of Indonesia, Faculty of Economics & Business, Universitas Gadjah Mada Faculty of Economics and Business.