Economic Reform, Cabinet and Technocratic Vision

It is no secret that those managing the Indonesian economy face an increasing set of challenges.

In the short term, there is the threat of a slowdown of the global economy, which would cause exports to weaken while investment will be increasingly difficult to obtain. In the medium and long term, vast technological development will rapidly change economic structures, including employment.

Therefore, in his inaugural address, President Joko “Jokowi” Widodo noted the importance of reforms in economic policies and regulations, in addition to infrastructure development and human capital improvement. The Bappenas (National Development Planning Board) Growth Diagnostic Study (2018), for example, identifies policy and regulatory factors as the main impediments to investment, business activity and economic growth. The annual survey conducted by Jetro also always attributes to this issue the highest risk factor, along with employment issues.