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Indonesia: Building an Inclusive Development Model

In: Moving Toward A New Development Model For East Asia-The Role of Domestic Policy and Regional Cooperation

Author

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  • Tulus T.H. Tambunan

Abstract

After decades of high economic growth, Thailand is now facing many challenges; ensuring sufficient level of economic growth to avoid middle-income trap, and balancing its social and political successes with the economic one. Overall, the country has done well in reducing poverty, provision of basic and advanced health care and basic education. The least progress is economic and social inequality and environmental sustainability. The quality of human capital is also lagging behind other countries, as indicated by the low performance of the education system and the low levels of labor skills. To achieve a better socio-economic development balance, Thailand needs strong institutions that would steer the development process to a more balanced, productive and sustainable path of future economic and social development. More specifically, the country needs political leadership that is visionary, transparent and efficient.

Suggested Citation

  • Tulus T.H. Tambunan, . "Indonesia: Building an Inclusive Development Model," Chapters, in: Zhang Yunling & Fukunari Kimura & Sothea Oum (ed.), Moving Toward A New Development Model For East Asia-The Role of Domestic Policy and Regional Cooperation, chapter 8, pages 223-254, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2011-rpr-10-08
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    File URL: http://www.eria.org/RPR_FY2011_No.10_Chapter_8.pdf
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    References listed on IDEAS

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    2. Rudiger Dornbusch & Sebastian Edwards, 1991. "The Macroeconomics of Populism," NBER Chapters, in: The Macroeconomics of Populism in Latin America, pages 7-13, National Bureau of Economic Research, Inc.
    3. Homi Kharas & Indermit Gill, 2007. "An East Asian Renaissance : Ideas for Economic Growth," World Bank Publications - Books, The World Bank Group, number 6798, April.
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    Cited by:

    1. Fanny Salignac & Julien Hanoteau & Ioana Ramia, 2022. "Financial Resilience: A Way Forward Towards Economic Development in Developing Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(1), pages 1-33, February.
    2. Tulus Tambunan, 2015. "Financial Inclusion, Financial Education, and Financial Regulation: A Story from Indonesia," ADBI Working Papers 535, Asian Development Bank Institute.

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