In the News
Indonesia’s Aspiring Middle Class
Graham Watson
30th January 2020
The rise of an aspirant middle-class is a sure sign of economic development and this World Bank clip looks at how almost half of all Indonesians are now in that bracket.
This implies that there's been some degree of inclusive growth and that developmental outcomes are improving. There's just so much economics in this clip - microeconomics, with considerations of changing patterns of demand, YED and so on; macroeconomics, in terms of the implications for development.
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