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Avoiding the Middle Income Trap

"Middle income trap" has appeared again in the first paragraph of the inaugural address of the 2019-2024 President and Vice President.

By
Budi Hikmat
· 8 minutes read

"Middle income trap" has appeared again in the first paragraph of the inaugural address of the 2019-2024 President and Vice President.

https://cdn-assetd.kompas.id/CmH-yikhvjqPwO8IvciIghs4IJM=/1024x576/filters:watermark(https://cdn-content.kompas.id/umum/kompas_main_logo.png,-16p,-13p,0)/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2019%2F10%2F20191020_ENGLISH-SAATNYA-BERLARI_C_web_1571584319.jpg
KOMPAS/HERU SRI KUMORO

President Joko “Jokowi” Widodo (right) together with Vice President Ma\'ruf Amin (left) answers reporters\' questions after being sworn in as President and Vice-President in the People’s Consultative Assembly (MPR) General Session at the Senayan Legislative Building Complex, Jakarta, Sunday (20/10/2019). Jokowi said the Cabinet lineup would be introduced on Monday (21/10/219).

President Joko “Jokowi” Widodo has launched a vision of prosperity with a gross domestic product (GDP) per capita target reaching Rp 320 million per annum to mark the centenary of Indonesian independence. The GDP per capita target is a huge leap from the current Rp 56 million. The GDP is expected to surge to US$7 trillion in 2045 from US$1 trillion at present, and the poverty rate is expected to hover near zero percent to elevate Indonesia among the top five economies in the world.

Editor:
Syahnan Rangkuti
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