Jokowi’s Vision and Policies for Indonesia’s Economic Development: Laying the Foundations for Future Growth Acceleration?
REGIONAL ECONOMIC STUDIES PROGRAMME AND INDONESIA STUDIES PROGRAMME WEBINAR
About the Webinar
President Joko Widodo was inaugurated for his second term with a vision to make Indonesia a $7 trillion economy by 2045, seven times its current value. This is certainly not an easy target given the global economic situation and considering that economic growth tends to be slower when countries move to a higher income level.
This webinar will focus on the challenges of laying the foundations for Jokowi’s vision, particularly given the current Covid-19 crisis faced by the economy. It discusses issues surrounding the new cabinet composition in relation to economic targets and raises questions as to whether the cabinet can effectively push through the reforms to achieve the target for economic growth. The higher growth rate needed in the next five years is already difficult to achieve given the external and domestic challenges, even before the Covid-19 crisis. Although laudable, the government’s plans to push for productivity improvements and promote investment in value-added manufacturing are facing hurdles from effective coordination and institution as demonstrated by the current handling of the health crisis. To realise the President’s 2045 vision, the government should invest in creating a healthy and competitive investment climate to attract productive investments. Above all, sorting out effective institutions to support all these is critical. Policies to promote this healthy climate should be implemented with the support of capable institutions to expedite the process, and given the current pandemic, building up health capacity to deal with future potential crises should also come into the agenda.
About the Speakers
Arief Ramayandi is Principal Economist in the Macroeconomics Research Division, Economic Research and Regional Cooperation Department at the Asian Development Bank (ADB).
Siwage Dharma Negara is Senior Fellow, Co-Coordinator of the Indonesia Studies Programme, and Coordinator for the Singapore APEC Study Centre at the ISEAS – Yusof Ishak Institute.
This webinar will be delivered online entirely. You can join the webinar at the specified date and time using devices (computer, phone, or tablet) with internet connection.
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For the best experience, please mute your microphone. If you have questions for the panellists, please key in your questions via the Q&A, stating your name and affiliation. The moderator will field them to the panellist during the Q&A session