Openness, Growth, and Productivity in Indonesia's Development Agenda

The government of Indonesia has set ambitious goals for development, envisioning high, inclusive and sustainable growth over the coming years. Indonesia has the resource endowments and the potential to attain these goals. To turn this potential into reality, the private sector needs to increase investment and productivity to become a growth-engine for quality jobs to meet the needs of a rapidly increasing labor force. This note argues that maintaining and deepening Indonesia s integration into the global marketplace will facilitate this process. Policies that encourage greater integration into the world economy are no substitute, however, for a broader development strategy that takes into account, on one hand, that public support may be needed to improve the general business climate and quality of human capital, particularly logistics services, and on the other, that there remains room for corrective action to compensate groups that may be negatively impacted in the process of integration into the world economy.

Bibliographic Details

Main Author:	Varela, Gonzalo J.
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Jakarta 2015-04
Subjects:	TARIFFS, EMPLOYMENT, DOMESTIC BOND, CREDIT MARKETS, RISKS, DEPOSIT, REGULATORY FRAMEWORK, RIGHTS, EQUIPMENT, ECONOMIC GROWTH, ACCOUNTING, ADJUSTMENT ASSISTANCE, PRODUCTION, LAGS, IMPORT INCREASES, STOCK, INCOME, RATE OF RETURN, COMPENSATORY POLICIES, INVESTMENT RATE, EMERGING ECONOMIES, PROPERTY RIGHTS, EXCHANGE, GDP PER CAPITA, RESOURCE ALLOCATION, LABOR FORCE, INFORMATION, DEVELOPING COUNTRIES, EXPORTS, ELASTICITY, POLITICAL ECONOMY, EXPORTERS, PORTFOLIO, MARKET SIZE, WELFARE, EFFECTS, BONDS, MARKET SHARES, INCENTIVES, LOAN, CAPITAL STOCK, INPUTS, LABOR MARKET POLICIES, INTERNATIONAL BANK, INFORMATION ASYMMETRIES, TRENDS, DRIVERS, PRODUCTION PROCESS, PRIVATE BOND, DEVELOPMENT, LABOR MARKET, TOTAL FACTOR PRODUCTIVITY, INVESTMENT SPENDING, GLOBAL ECONOMY, PER CAPITA INCOME, LABOR COSTS, COSTS, TRAINING, DEVELOPMENT ECONOMICS, REASSIGNMENT, EXPORT GROWTH, CAPITAL FORMATION, CONTRACTS, BOND ISSUANCE, TRADING, PRODUCTIVITY, OPTIONS, EXTERNALITIES, TRANSFERS, IMPERFECT INFORMATION, MARKETS, DEBT, RETURN, INCOME LEVELS, INTERNATIONAL ECONOMICS, STANDARDS, LABOR, DIRECT INVESTMENT, INVESTMENT OPPORTUNITIES, CAPITAL STOCKS, AVERAGING, BANK INTERMEDIATION, JUDICIAL SYSTEM, EXPENDITURE, UNEMPLOYMENT, INTERNATIONAL STANDARDS, EQUITY, SAVINGS RATES, PRODUCTIVITY GROWTH, FACTOR MARKETS, GROSS FIXED CAPITAL FORMATION, HUMAN CAPITAL, DISPLACED WORKERS, CAPITAL, POLICIES, INTERNATIONAL TRADE, CAPITAL MOBILITY, FOREIGN FINANCING, FUTURE, COMPETITIVENESS, FOREIGN DIRECT INVESTMENT, RETURNS, CREDIT, FIXED CAPITAL, PRIVATE BONDS, DEVELOPMENT STRATEGY, FOREIGN INVESTMENT, LABOR FORCE GROWTH, INVESTMENT PROJECTS, SAFETY NET, BOND MARKET, CAPITALIZATION, ECONOMY, EXPENDITURES, PROPERTY, ISSUANCE, TARIFF BARRIERS, SHARES, MARKET, TRADE LIBERALIZATION, PRODUCTION FUNCTION, ECONOMICS, PUBLIC DEBT, EXPORTER, SKILLED LABOR, INSURANCE, ECONOMIC DEVELOPMENT, TRADE, ECONOMIC INTEGRATION, INTERESTS, INVESTMENT RATES, GDP, GOODS, MARKET SHARE, GLOBAL TRADE, LABOUR FORCE, ECONOMIES OF SCALE, STOCKS, STOCK EXCHANGE, INVESTMENT, DOMESTIC BOND MARKET, TOTAL FACTOR PRODUCTIVITY GROWTH, RISK, RATES OF RETURN, BOND, SHARE, CORPORATE BOND, INVESTMENT CLIMATE, POVERTY, TARIFF, BANKING, INNOVATION, ASIAN BOND MARKET, FINANCIAL STRUCTURE, PORTFOLIO INVESTMENT, INVESTMENT INCOME, INVESTMENTS, UNSKILLED WORKERS, SUPPLIERS, LABOUR, CAPITAL INVESTMENT, SAFETY, PRICES, GUARANTEE, COMPETITION, INVESTING,
Online Access:	http://documents.worldbank.org/curated/en/2015/12/19789123/openness-growth-productivity-indonesias-development-agenda-policy-note-1 https://hdl.handle.net/10986/23507
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