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Indonesia’s Narrowing Path to Prosperity

About the Webinar

Indonesia has enjoyed a demographic dividend over the last three decades. Between 2009–2019, the country created an average of 2.4 million new jobs each year. At the onset of the Covid-19 pandemic, the employment rate reached a record high of 67.5% of the labour force, and unemployment fell to its lowest level in two decades, at 5.2%. Despite these positive signs, Indonesia has struggled to create good quality jobs needed to escape the middle-income trap.

In addition, the Covid-19 pandemic has abruptly reversed the country’s gains over two decades in providing employment and reducing poverty. There is a danger that Indonesia could see narrowing paths to prosperity if it does not reset and rethink its development strategy to regain its growth momentum. There is a window opportunity to accelerate economic growth and reduce poverty, provided that more jobs and good jobs are created for Indonesia’s surplus-labour, which is expected to grow by an estimated 20 million workers over the next ten years.

This webinar is based on ongoing collaborative research sponsored by the Rajawali Foundation to provide insights into Indonesia’s efforts to recover from the pandemic, overcome its structural constraints, and create more quality jobs after the pandemic. It will also highlight some policy options to promote investment and develop the manufacturing sector which could accelerate future jobs creation.

About the Speaker

Gustav F. Papanek is President of the Boston Institute for Developing Economies (BIDE) and Professor of Economics Emeritus at Boston University.

Nov 23, 2021 09:00 AM in Singapore

Webinar is over, you cannot register now. If you have any questions, please contact Webinar host: ISEAS - Yusof Ishak Institute.