Q&A
What was one of the likely causes of Indonesia’s inability to meet its growth targets in 2015?
What was one of the likely causes of Indonesia’s inability to meet its growth targets in 2015?
During the 1980s and 90s, Indonesia’s manufacturing sector saw significant growth. However, in the early 2000s, the government began to focus on commodity exports to meet growing Chinese demand for resources. In doing so, the nation’s leadership neglected its industrial sector and left itself susceptible to an inevitable slowdown in Chinese demand. From 2001 to 2012, Indonesia reaped the harvest of Chinese demand. In recent years, China’s appetite for commodities has waned, leading to a noticeable decline in Indonesian growth.
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