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Nearly half of Indonesia's population is in the category of aspiring middle-class – they are free from poverty but have yet to achieve full economic security. Should there be adequate support for them to progress into the middle class, it will be a positive and significant impact for the country's economy.
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Graham Watson
January 30, 2020 5:36 AM
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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.
What a clip!