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 int...

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Main Author:	Varela, Gonzalo J.
Format:	Report
Language:	English en_US
Published:	World Bank, Jakarta 2015
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 http://hdl.handle.net/10986/23507

id	okr-10986-23507
recordtype	oai_dc
spelling	okr-10986-235072021-04-23T14:04:15Z Openness, Growth, and Productivity in Indonesia's Development Agenda Varela, Gonzalo J. 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 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. 2015-12-23T15:54:45Z 2015-12-23T15:54:45Z 2015-04 Report http://documents.worldbank.org/curated/en/2015/12/19789123/openness-growth-productivity-indonesias-development-agenda-policy-note-1 http://hdl.handle.net/10986/23507 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Jakarta Economic & Sector Work :: Policy Note Economic & Sector Work East Asia and Pacific Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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
spellingShingle	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 Varela, Gonzalo J. Openness, Growth, and Productivity in Indonesia's Development Agenda
geographic_facet	East Asia and Pacific Indonesia
description	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.
format	Report
author	Varela, Gonzalo J.
author_facet	Varela, Gonzalo J.
author_sort	Varela, Gonzalo J.
title	Openness, Growth, and Productivity in Indonesia's Development Agenda
title_short	Openness, Growth, and Productivity in Indonesia's Development Agenda
title_full	Openness, Growth, and Productivity in Indonesia's Development Agenda
title_fullStr	Openness, Growth, and Productivity in Indonesia's Development Agenda
title_full_unstemmed	Openness, Growth, and Productivity in Indonesia's Development Agenda
title_sort	openness, growth, and productivity in indonesia's development agenda
publisher	World Bank, Jakarta
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/12/19789123/openness-growth-productivity-indonesias-development-agenda-policy-note-1 http://hdl.handle.net/10986/23507
_version_	1764454026906173440

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

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