Diversifying Industrial Products

We need to envisage an industrialization strategy and create a supporting ecosystem, involving institutions, to provide certainty over the policies in order to ensure large-scale and long-term investment from abroad.

KOMPAS/RADITYA HELABUMI

Front view of the Glodok LTC trading center, West Jakarta, Thursday (21/10/2021). With the increasingly controlled number of Covid-19 cases, the operation of various economic activities while still implementing health protocols is expected to be maintained, so that the acceleration of national economic recovery can be realized.

Economic recovery from the pandemic can provide leverage for sustainable high growth through the diversification of industrial products and exports.

During the Kompas Collaboration Forum webinar last Friday (29/10/2021), National Development Planning Minister Suharso Monoarfa, who also heads the National Development Planning Agency, raised the development issue with a reference to the Economic Complexity Index (ECI) developed by the Center for International Development (CID) at Harvard University.