Hal Hill: Indonesia Should Not Fear Globalization
Monday, January 29, 2024
Professor Hal Hill assesses the Indonesian economy as having progressed adequately. Yet it is still not competitive enough compared to Vietnam and Thailand.
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Hal Hill, who authored The Indonesian Economy (2000), considers the country’s economy under President Joko Widodo as having progressed well with an average annual growth of 5.2 percent. Neither was Indonesia on the list of developing countries predicted by the International Monetary Fund (IMF) to suffer a debt crisis. Yet despite this progress at the macro level, Hal Hill sees problems on the micro scale.
The professor in economics from th
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