3 ms·
5% is sub par, way below potential. Indonesia needs a period of growth up to 15% (like Japan, South Korea or China) to get out of this hole. Not realistic with
by chewz 9y ago
5% is sub par, way below potential. Indonesia needs a period of growth up to 15% (like Japan, South Korea or China) to get out of this hole.
Not realistic with one of the worst education systems on the planet [1], non-existing manufacturing sector, human-made environmental disasters[2] and export based mostly on resources mining which is underinvested due to hostility [3][4] to foreign capital.
[1] https://www.oecd.org/pisa/PISA-2015-Indonesia.pdf https://www.oecd.org/pisa/PISA-2015-Indonesia.pdf
[2] https://thediplomat.com/2017/10/making-indonesian-rivers-great-again/ https://thediplomat.com/2017/10/making-indonesian-rivers-gre...
[3] https://www.bloomberg.com/news/articles/2017-08-14/whatever-happened-to-indonesia-s-mighty-oil-and-gas-industry https://www.bloomberg.com/news/articles/2017-08-14/whatever-...
[4] https://www.bloomberg.com/news/articles/2017-05-11/former-opec-member-s-byzantine-rules-seen-shooing-away-explorers https://www.bloomberg.com/news/articles/2017-05-11/former-op...