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Indonesia at risk of sliding into middle income trap
As commodity boom fades, it sees rapid growth waning
Published Sun, Mar 16, 2014 · 10:00 PM
FOLLOWING nearly a decade of rapid economic growth fuelled by high commodity prices, Indonesia risks a slump into mediocrity, joining a class of resource-rich countries that fail to generate the jobs needed to lift millions out of poverty and propel them, one day, into the ranks of the rich world.
It's called the middle income trap: countries such as Brazil a…
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