President Joko Widodo was inaugurated for his second term with a vision to make Indonesia a $7 trillion economy by 2045, seven times its current value. This Survey examines recent developments in Indonesia, with a focus on the challenges of laying the foundations for Jokowi’s vision. It discusses issues surrounding the new cabinet composition in relation to economic targets and asks whether the cabinet can push through the reforms needed to achieve the required rate of economic growth. While the annual growth rate has steadied at 5%, we argue that this rate will be insufficient for realising the president’s 2045 vision. A higher growth rate is needed in the next five years but will be difficult to achieve given the external and domestic challenges. The government’s plans to push for productivity improvements and promote investment in value-added manufacturing are laudable. To realise these plans, the government should invest in creating a healthy and competitive investment climate. Policies to promote such a climate should be implemented with the support of capable institutions to expedite the process.

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为未来的增长加速奠定基础？

佐科·维多多总统的第二个任期就职典礼上，其愿景是到 2045 年使印度尼西亚的经济规模达到 7 万亿美元，是当前价值的七倍。本调查考察了印度尼西亚的近期发展，重点关注为佐科维的愿景奠定基础所面临的挑战。它讨论了与经济目标相关的新内阁组成问题，并询问内阁能否推动实现所需经济增长率所需的改革。虽然年增长率稳定在 5%，但我们认为这个速度不足以实现总统的 2045 年愿景。未来五年需要更高的增长率，但鉴于外部和国内的挑战，很难实现。政府推动生产力提高和促进对增值制造业投资的计划值得称赞。为了实现这些计划，政府应该投资创造一个健康和有竞争力的投资环境。应在有能力的机构的支持下实施促进这种气候的政策，以加快这一进程。