The acceleration of economic growth in 2025-2035 determines whether Indonesia will progress or not. After being late in preparing momentum, now everything depends on Indonesia's determination to catch up in the remaining time window.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe following article was translated using both Microsoft Azure Open AI and Google Translation AI.
According to a study by the Organization for Economic Cooperation and Development , Indonesia is expected to become the world's fourth largest economy by 2045 with a gross domestic product of 8.89 trillion US dollars, triple the current situation. The projection is based on Indonesia's demographic bonus momentum, which will last from 2012 to 2040, peaking in the 2030s.
One of Transparency International's reports states that corruption doesn't only harm economic development in terms of efficiency and growth, but also negatively affects the distribution of resources among all citizens, leading to increased inequality and hindering the effectiveness of welfare programs. All of this can ultimately harm long-term sustainable development, economic growth, and equality.
Efforts towards economic transformation, Faisal reminds us, will not be optimal if they are not carried out consistently from one regime to the next. However, policy continuity cannot be simply imposed uniformly.
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