The Middle-Income Trap in Indonesia
Monday, September 30, 2024
Indonesia is poised to fall into the middle-income trap. Only a few people enjoy the economy pie.
CONSIDER this a wake-up call pulling us out of a dream. The World Bank released a report titled The Middle-Income Trap, discussing middle-income countries struggling to achieve high-income status. Indonesia seems poised to fall into this same trap.
This conclusion should concern President Joko Widodo, who is known for his overly ambitious approach. In his effort to boost popularity, Jokowi often propagates grandiose ideas that are far from
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