This global seminar explores how President Prabowo Subianto’s 8% growth strategy may backfire due to policy design flaws and overlooked productivity challenges.
Event Details
Time: 1:00-2:30pm WIB // 4:00-5:30pm AEST
Join Online: http://bit.ly/gs_indonesia
About the event
President Prabowo Subianto’s administration has several strategies to achieve its goal of 8% growth: increasing the role of state-led capitalism, expansive fiscal measures and unconventional monetary interventions. However, despite the administration’s well-meaning intention to boost aggregate demand, we show how the design and implementation of its policies may backfire, creating distortions that will prevent optimal growth. We argue that the administration’s narrow focus, coupled with its lack of attention to what many see as the real problems limiting productivity, will inhibit its 8% growth ambition.
Event Speakers
Krisna Gupta
Dr. Krisna Gupta is a senior fellow at Center for Indonesian Policy Studies (CIPS) and a lecturer at Universitas Indonesia. His research focuses on trade, industrial and macroeconomic policy in Indonesia.
Riandy Laksono
Riandy is an economics researcher at CSIS and a postdoctoral research fellow at Vrije Universiteit Amsterdam. He obtained his PhD from Arndt-Corden Department of Economics, Crawford School of Public Policy, ANU. Riandy works at the intersection of trade, industrial, and macroeconomic policies that advance people's well-being and mitigate climate-related issues.
Rizki N. Siregar
Rizki is an international trade economist and development economist. Her research aims to provide guidance in dealing with the distributional impacts of globalization and economic policies on various fronts including regional development and the labor market. Her work also covers the links between trade policy, environmental policy, and public health.