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Building Economic Complexity
To become a developed country, Indonesia needs to increase its economic complexity index to at least become the world's top 10 in the next 10 years. A detailed derivative strategy is needed.
A Prasetyantoko
As reported by The Economist (29/3/2023), Indonesia and India are competing to become the country with the fastest economic growth in the Group of 20. Interestingly, this dynamic occurs amid changes in the global economic constellation as part of the impact of the implication of geopolitical fragmentation.
Inflation tends to be high as production and logistics costs are getting more expensive. Meanwhile investment decisions and capital flows no longer prioritize efficiency, but focus more on resilience.