Economics

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.

Indonesia’s Aspiring Middle Class

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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