Printed Book
The Sum Is Greater Than The Parts: Doubling Shared Prosperity in Indonesia Through Local and Global Integration
The government of Indonesia’s primary development objective is to join the ranks of upper middle-income countries by 2025. If Indonesia could generate an annual real GDP per capita growth rate of 8.5 percent for the next ten years, it would be well on the path to achieving this objective. At current projections, this will not be possible. It will fall short in three fundamental dimensions: growth will be jobless, competitiveness will decline and inequality will rise.
The binding constraint to accelerating sustainable, inclusive growth is that Indonesia exploits neither the benefits of being a large country nor its international dynamic comparative advantage. Indonesia is beset by local economic fragmentation and global economic marginalization. At present, the sum is worth less than the parts.
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