Indonesia Urged to Shift From Cheap Labor to Avoid Middle-Income Trap
Society

Indonesia Urged to Shift From Cheap Labor to Avoid Middle-Income Trap

Indonesia faces a significant risk of falling into the middle-income trap unless it transitions from an economy reliant on cheap labor to one focused on higher value-added industries. Technological innovation and investment in human capital are crucial for sustained economic growth and improved living standards.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.