Increasing the Quantity and Quality Of Economic Growth In Indonesia is urgent considering the challenges posed by Covid-19 and the need for sustainable recovery. Indonesia's GDP Growth is projected at 5.1 percent in 2022, supported by growth in commodity exports and accommodative fiscal policy. However, more challenging global conditions and the adverse impact of Covid-19 could derail the recovery from the pandemic and achieve long-term economic growth. Indonesia’s economic planning follows a 20-year development plan, with the current medium-term development plan focusing on improving human resources and competitiveness in global markets.
Good economic growth can create new jobs, reduce the unemployment rate, and increase people’s income. This can help alleviate poverty and improve the welfare of the population. Quality and sustainable economic growth is very important for the progress of a country
There are several urgencies to improve the quantity and quality of economic growth in Indonesia involving the following aspects:
Improving infrastructure, investing in infrastructure, such as roads, ports and airports can increase connectivity and efficiency in economic activities
2. Improving the quality of human resources, quality human resources can be a strength in facing global economic challenges
3. Increasing global competitiveness, Indonesia can attract foreign investment, increase exports and strengthen its position in the global market
4. Sustainable management of natural resources, natural resources in a sustainable manner so that they not only provide short-term benefits but can also be enjoyed by future generations
5. Economic diversification can be carried out by encouraging the development of the industrial and service sectors
6. Development of innovation and technology, investment in research and development and increasing access to technology can increase productivity and efficiency
7. Increased economic security such as addressing issues such as corruption, legal uncertainty, and political instability creates a safer environment for investment and economic growth
8. Environmental protection, environmentally friendly policies can prevent negative impacts on natural resources and environmental quality
9. Increasing access to finance, increasing community access, especially small and medium business actors, to financial services can accelerate inclusive economic growth
Through targeted and sustainable policy implementation, Indonesia can achieve economic growth that is not only quantitative but also quality, providing wider benefits for the entire community.
