Running Faster, for Longer: Structural Transformation, Productivity, and Good Jobs
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Washington, DC: World Bank
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The Indonesia Country Growth and Jobs Report (CGJR) analyze the binding constraints to growth and good jobs in the country, and outlines policy options to overcome these constraints. The report begins with macro and microeconomic diagnostics of Indonesia’s progress and the challenges to growth and employment (Chapters 1–2). It then links these challenges to specific policies and institutions that require reform (Chapters 3–5). It concludes by presenting a package of policy and institutional reforms, along with an assessment of long-term impact (Chapter 6). Indonesia can unlock faster growth and better jobs by shifting focus toward business enabling reforms and a stable regulatory environment. This will increase the demand for stronger foundational infrastructure (physical and human capital) and for private capital. Foundational infrastructure, coupled with good governance and sound macroeconomic management, has supported investment and structural transformation from low-productivity agriculture to moderately productive manufacturing and services. Slower progress on business-enabling policies - regulation, competition, trade - has kept resources concentrated in low-value activities and constrained private capital. Reforms in these areas are essential to attract new players, knowledge, and technologies that are needed to raise productivity and generate better jobs.
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ECONOMIC GROWTH, DECENT WORK, JOB CREATION, LABOR MARKETS, FIRM GROWTH, INFRASTRUCTURE AND GROWTH, MARKET ACCESS