This photo shows a general view of a traffic jam on a main roads leading into the city center of Jakarta on May 8, 2024 as thin haze of pollution sits over the city’s skyline.
Bay Ismoyo | Afp | Getty Images
Indonesia’s rise as an emerging economy is the latest of Asia’s success stories.
Yet the country’s Finance Minister Sri Mulyani Indrawati has warned that its yearly 5% GDP growth, higher than the global average of 2%, is “not enough for [Indonesia] to achieve the meaningful progress” needed to become a high-income nation.
Indonesia’s ambition is part of what it calls the “Golden Vision 2045,” a grand plan aimed at transforming the country into a skilled workforce on high wages and a way to reduce poverty rates by the time it celebrates its 100-year anniversary.
“To continue our journey [as a middle-income country aspiring to be a high-income country] … of high growth based on high productivity, we have to invest more in human capital,” the …