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Come up with a new economic model for Indonesia: Jakarta Post
The paper says that the pandemic has shrunk the economy, and while this has hurt the rich more than the poor, the reality is that the rich are better cushioned against its impacts.
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The writer says that Indonesia's job creation law and its plans on massive tax reform and government spending still focus too much on boosting economic growth through investment and spending.
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JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) - Being relegated from an upper-middle to a lower-middle income country has undone some of the progress Indonesia had made over the last two decades, when our economy grew to bring greater prosperity to the nation and its people.
But rather than ruing this relegation in the World Bank's classification of countries, we should take it in stride, with humility and retrospection.
