Looking for New Growth Model

The Asian Development Bank (2007) and World Bank (2008), for example, once proposed an inclusive growth model that should be applied by its member countries, including Indonesia.

Kompas/Agus Susanto

Vehicles passing over the Kampung Melayu-Tanah Abang non-toll highway in Casablanca, South Jakarta, on Monday (20/3). The Asian Development Bank encourages the development of infrastructure to maintain the momentum of economic growth and to eradicate poverty.

International Monetary Fund executive director Christine Lagarde in a seminar entitled "High Level Conference Annual Meeting 2018: New Growth Models in a Changing Global Landscape" in Jakarta on Feb 27, said Indonesia and other developing countries in ASEAN need a new economic growth model (Kompas).

Lagarde\'s remark is of course interesting not only to be discussed, but also to find answers related to the new growth model we need. Its importance is at least based on three reasons.