Developing countries have experienced an extraordinary period of economic development over the last couple of decades. By
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Question:
"Developing countries have experienced an extraordinary period of economic development over the last couple of decades". By using appropriate growth/development theories, critically analyse the recent wave of economic growth and development in Indonesia.
You are also required to use growth /development theories covered in this course to explain how the COVID-19 pandemic has impacted the economic performance of Indonesia, taking into consideration the key policy responses by the government and central bank to the crisis.
Show the observed pattern of development relating to: (chosen country: Indonesia)
- Internal and external circumstances of your chosen country;
- Socio-economic indicators identified in your country.
- Development strategies and policies adopted by the government or governments concerned;
- Lessons of experience if any for the contemporary developing world.
according to the following headings and sequence:
- Introduction, background and socio-economic trends
- Relevance to the growth and development theory
- Development process including strategies and policies
- COVID-19 pandemic, economic performance and the policy responses
- Conclusions and implications
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