Indonesia\'s Horizon 2019-2024

KOMPAS/AGUS SUSANTO

Ari Kuncoro

President Joko Widodo\'s speech on 14 July 2019 reminded us of the period of attending a postgraduate economic education in the early 1990s in Providence, Rhode Island, United States.

At that time, ahead of the technological development which is now called Industry 4.0, modern planning concepts, which were forward looking, were introduced. The rational expectation hypothesis (Lucas, 1972), which later won the Nobel in 1995, changed the assumptions of economic actors who were passive to active economic actors whose mindset and behavior could influence whether a government policy was successful or not.