Explore our latest data visualizations and interactive models.
This comprehensive policy research paper analyses Indonesia's structural economic stagnation through the lens of premature deindustrialisation, productivity crisis (TFP and ICOR), and persistent poverty. Comparing Indonesia with Vietnam and Singapore, it argues that Indonesia has missed its critical industrialisation window and that current Asta Cita policies are insufficient to escape the middle-income trap. The paper proposes a reorientation toward industrial deepening and global value chain integration.
Click the button opposite to read the full research paper.
Data reveals a troubling paradox: Indonesia has maintained steady 5% GDP growth, yet its middle class has shrunk by over 9 million people since 2019. While economic output rises, the vulnerable population has exploded by 23%. This analysis validates the 'growth without prosperity' thesis, showing that official poverty reduction masks a broader reality of rising economic insecurity, where citizens aren't climbing the ladder—they're slipping off it.
Click the button opposite to get more details.