Policies to support the development of Indonesia's manufacturing sector during 2020-2024; a joint ADB-Bappenas Report (pdf)
This report provides a solid basis for Indonesia’s policy makers to start thinking about the policies that the country needs to implement to support the nation’s development in the medium and long term. Indonesia’s experience suggests that the country needs new economic policies if it wants to become an upper-middle-income economy as soon as possible. The analysis in the report shows why Indonesia has not been able to grow beyond 5.5% in recent years. The reason is that the country’s potential and balance- of-payment growth rates do not allow faster growth. Analysis of the determinants of these two growth rates shows that the structure of our economy, especially the role played by the manufacturing sector, is fundamental. Therefore, the development of the manufacturing sector is necessary to unlock Indonesia’s growth in the medium and long term