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What Can We Learn From Indonesia’s Development Policies?
For decades, many developing countries have relied on exporting raw materials to drive economic growth. But when countries export commodities without developing the industries to process them, how much of the wealth actually stays in their economies?
Indonesia is attempting to change this through hilirisasi, or downstream industrialisation: a strategy to move beyond exporting raw materials towards domestic processing and manufacturing.
In this episode, we speak to Faris Abdurrachman, Executive Director and Lead Economist at Industrial Policy Lab Indonesia, about Indonesia's development…
The skinny
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