Indonesia Trapped
There is bad news and good news for Indonesia. The bad news comes first: Indonesia is trapped. Not merely in the familiar middle-income trap, but more precisely in an imitation regime. A recent paper shows that under the current trajectory Indonesia could remain stuck there for more than a century. In plain language, the country is nowhere near becoming an innovation-driven economy. Not by 2045. Not in twenty years. And not even in two hundred years if the pattern of weak
