MATCH CHINA'S ECONOMIC BOOM! How Indonesia Will Become The Next China?
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- Опубликовано: 27 сен 2024
- Indonesia is rapidly advancing towards becoming a significant global economic powerhouse, with ambitious plans to elevate its GDP per capita and break free from the middle-income trap. As of February 2024, Indonesia's GDP per capita reached USD 5,510, marking substantial progress. However, the nation aims to triple this figure to USD 13,800 by 2045, aligning itself with developed countries. This journey, inspired by China's remarkable economic rise, requires transformative strategies in economic, social, and governance sectors.
President Joko Widodo has introduced the National Long-Term Development Plan for 2025-2045, envisioning a "Golden Indonesia." This plan emphasizes the importance of strategic leadership, innovation, and courage in navigating the challenges ahead. Key to Indonesia’s strategy is the focus on infrastructure, technology, and downstream processing of its abundant natural resources. By investing in these areas, Indonesia aims to create jobs, enhance productivity, and foster sustainable economic growth.
Indonesia’s demographic advantage, with 70% of its population within the productive age group by 2045, offers a unique opportunity to accelerate economic growth. However, to avoid the middle-income trap, the country must implement effective structural reforms and target an economic growth rate of over 6% by 2040. The challenge is significant, but Indonesia’s commitment to innovation, education, and infrastructure development positions it well to achieve its vision of becoming a developed nation by 2045.
As Indonesia strives to become the next major economic powerhouse, its success could catalyze broader regional and global economic shifts. The country's rise will be closely watched by the international community, with its policies and strategies potentially setting a new standard for emerging economies worldwide.
It is good to hear that Indonesia is growing along with China to build a strong Asia. 👍👍👍
Hallucinations that's not going to be happened
There are so many corruption, collusion and nepotism in Indonesia. Indonesia could become a developed nation if it can eradicate corruption, collusion and nepotism.
ASEAN and India have about the similar size GDP in 2023, in such a situation, it will spur both sides to see the annual outcome say by 2030. In the mean time, you can all predict what the yearly outcome will be!
ASEAN has bigger nominal GDP than India
we better see what happens in 2045. Why brag ourselves ? just keep our heads low and improve our HDI , institutional governance and democratic life by upholding the laws. It is a slow progress if you want to improve Indonesia is now a member of G20, RCEP, APEC and OECD. Next year BRICS+. Being non aligned has benefits.
I don't see this is feesible looking the way local people perform their task, too lazy, very costly due to high demand on wages not to mention so many break time for daily religious ritual not including lunch time
Politically yes Indonesia Will Become The Next China. In terms of Industrialization and Economics, Indonesia Will not Become The Next China due to the low education.
If Indonesia as a nation us able to overcome race and religion. More importantly, does not employ, "Speed of nation growth, is the speed of the slowest group".
There is no reason for a nation the size of Indonesia to increase their growth to be an industrial powerhouse.
If the in-coming President continues such policy..
Kampuchea is more to be the next China .... 😅😅😅