Indonesia - Avoiding the Trap : Development Policy Review 2014

Title: Indonesia - Avoiding the Trap : Development Policy Review 2014
Contributors: World Bank
Publisher Information: Washington, DC, 2014.
Publication Year: 2014
Subject Terms: INCOME INEQUALITY, PUBLIC INFRASTRUCTURE, FACTOR MARKETS, TRADE BALANCE, CLIMATE CHANGE, PENSION FUND, PRODUCT MARKETS, CAPITAL FORMATION, INVESTMENT FUNDS, GDP, UNEMPLOYMENT, REVENUE COLLECTION, PUBLIC SERVICE, POLICY RESPONSE, EXPORTS, ACCOUNTING, REAL INCOME, RETURN, INFLATION, HUMAN RESOURCES, SAFETY, GOVERNMENT DEFICIT, VALUATION, INVESTOR PROTECTION, WAGE COUNCILS, GROWTH RATE, FISCAL POLICY, EQUIPMENT, CORPORATE BONDS, MANPOWER, MUNICIPAL BONDS, PUBLIC INVESTMENT IN INFRASTRUCTURE, INSTITUTIONAL DEVELOPMENT, RISK PROFILE, COMPARATIVE ADVANTAGE, EXPENDITURE, EMPIRICAL EVIDENCE, ESCROW, PORTS, GLOBAL INTEREST, WAGES, FINANCIAL MARKETS, LIVING STANDARDS, INCOME, INTERGOVERNMENTAL FINANCE, PUBLIC SECTOR, MATURITY, PRIVATE SECTOR PARTICIPATION, GROWTH THEORY, LOCAL GOVERNMENTS, EXCHANGE RATE, LEGAL RIGHTS, FOREIGN INVESTORS, LICENSES, TAX REFORMS, PHYSICAL ASSETS, HOUSING, CORPORATE BOND MARKET, PRODUCTIVITY INCREASES, ECONOMIC SECTORS, PENSION FUND ASSETS, BASIC EDUCATION, PRIVATE SECTOR, INCOME LEVEL, SUBNATIONAL GOVERNMENTS, HUMAN CAPITAL, PRICE INCREASES, PRICE RISKS, URBAN INFRASTRUCTURE, CREDIT CONSTRAINT, MULTIPLIER EFFECTS, GOVERNMENT BUDGET, SECURITIES, TAX EXPENDITURES, URBANIZATION, HEALTH SPENDING, RESOURCE MANAGEMENT, NATIONAL GOVERNMENTS, NATURAL DISASTER, INSURANCE, BANK FINANCING, ENVIRONMENTAL, ECONOMIC GROWTH, ELECTRICITY, ENFORCEMENT MECHANISMS, FINANCIAL MARKET, INVESTMENT CLIMATE, PRIVATE INVESTORS, LAND REFORMS, LEGAL SYSTEM, MUNICIPALITIES, INFRASTRUCTURE DEVELOPMENT, FISCAL DEFICIT, DEFICIT SPENDING, AGRICULTURE, OIL, MINIMUM WAGE, SETTLEMENT, EMPLOYMENT GROWTH, DOMESTIC DEBT SECURITIES, COMPETITIVENESS, COMMODITY PRICE, PHYSICAL SECURITY, CAPITAL STOCK, DRIVERS, SEVERANCE PAY, TAX REVENUES, INFRASTRUCTURE INVESTMENT, STRUCTURAL CHANGE, TOTAL OUTPUT, WEALTH, PRIVATE INVESTMENT, LABOR MARKET ISSUES, PENSION, PUBLIC, JOB CREATION, LABOR UNIONS, HOUSEHOLD INCOMES, LABOR PRODUCTIVITY, COORDINATION FAILURES, BROKERAGE, SAVINGS, CAPITAL MARKETS, RISK MANAGEMENT, CAPITAL MARKET, PRODUCTIVITY, LABOR MOVEMENT, MATURITY SPECTRUM, TAX, NOMINAL WAGES, CONSUMER DURABLES, DEVELOPMENT POLICY, MORTALITY, ENFORCEMENT OF CONTRACTS, OIL PRICE, PUBLIC INVESTMENT, LANDOWNERS, LEGAL ENVIRONMENT, INTEREST PAYMENTS, DEPOSIT, INTEREST RATES, BANK CREDIT, AVERAGE PRODUCTIVITY, FINANCIAL CRISIS, EMERGING ECONOMIES, COAL, DOMESTIC DEBT, GROWTH POTENTIAL, REGULATORY FRAMEWORK, SAFETY NET, ECONOMIC POLICIES, WAGE INCREASES, INVESTMENT REQUIREMENTS, REGULATORY BARRIERS, REAL GDP, CORPORATE BOND, GOVERNMENT REVENUES, GRANT ALLOCATION, EXISTING WORKFORCE, PRODUCTIVITY GROWTH, FINANCIAL SECTOR, INVENTORY, GLOBAL ECONOMY, NATURAL DISASTERS, ASSETS, ISSUANCE, ECONOMICS, LABOR COSTS, PRODUCERS, LABOR FORCE, FINANCING REQUIREMENT, BUDGETING, CASH FLOWS, RISK AVERSION, TRANSPARENCY, DECENTRALIZATION, GDP PER CAPITA, GOVERNMENT SPENDING, TOTAL FACTOR PRODUCTIVITY, FISCAL BALANCE, TRADE LAWS, PERVERSE INCENTIVES, DEMOGRAPHICS, RETAINED EARNINGS, FISCAL DEFICITS, PUBLIC SPENDING, EXTREME POVERTY, ROADS, SAFETY NETS, DEBT, INVESTMENT DECISIONS, PROPERTY RIGHTS, CASH FLOW, LOCAL INFRASTRUCTURE, COMMODITY PRICES, LABOR MARKET RIGIDITIES, ECONOMISTS, TAX REFORM, GOVERNMENT EXPENDITURE, FORESTRY, FISCAL REFORMS, BROKER, LABOR MARKET
More Info: Within the next two decades Indonesia aspires to generate prosperity, avoid a middle-income trap, and leave no one behind as it tries to catch up with high-income economies. Can Indonesia achieve them? This report argues that the country has the potential to rise and become more prosperous and equitable. But the risk of floating in the middle is real. Which pathway the economy will take depends on: (i) the adoption of a growth strategy that unleashes the productivity potential of the economy; and (ii) consistent implementation of a few, long-standing, high-priority structural reforms to boost growth and share prosperity more widely. Indonesia is fortunate to have options in financing these reforms without threatening its long-term fiscal outlook. The difficulties lie in getting the reforms implemented in a complex institutional and decentralized framework. The report identifies the reforms of institutions and processes that govern the functioning of the state as critical for unleashing the country's development potential. The report provides an analytical underpinning for the Bank's country partnership strategy 2009-14 and shapes the Bank's support to the government's rencana pembangunan jangka menengah nasional (RPJMN) 2010-2014.
Document Type: Article
Accession Number: edsagr.US2014603630
Database: AGRIS