The new economy and development in Indonesia by Dr Mari Elka Pangestu

Professor Mari Pangestu delivering the Harold Mitchell Development Lecture

Professor Mari Pangestu delivering the Harold Mitchell Development Lecture

 

On 12 March 2015 Dr Mari Pangestu, Professor of International Economics at the University of Indonesia and Former Minister of Tourism and Creative Economy, Indonesian Government, delivered the Harold Mitchell Development Policy Annual Lecture on the new economy and development: an Indonesian perspective. Held at the Molonglo Theatre, Crawford School of Public Policy, the event was attended by well over 200 people of which almost half were women, and most participants were students, academics, government officials and the general public.

Development in most Asian countries has taken place through several conventional phases. Economies such as Indonesia have started with agriculture/resource based development; have moved to industrialisation first based on import substitution and then shifting towards export orientation as well as production networks; and have then started to transition towards a knowledge and information based as well as a more services oriented economy. The ‘new economy’ continues to evolve beyond knowledge and information based sectors; the fourth wave of change is known as the creative economy.

At the same time developing countries are facing external and globalisation challenges. Technology disruptions have led to greater interdependence and changing models of international business engagement. Just what can be transacted and exchanged between countries in today’s context is so vastly different from the situation just a decade ago.

In the Lecture Dr Pangestu addressed how a country like Indonesia has developed over the course of these different phase of development. She also explained whether Indonesia has been able to take advantage of the new economy. Dr Pangestu laid out the important challenges, opportunities and policies ahead.

Harold Mitchell giving a welcoming remarks for the Public Lecture.

Harold Mitchell giving a welcoming remarks for the Public Lecture.

 

This Public Lecture was presented by the Development Policy Centre at Crawford School of Public Policy at The Australian National University in collaboration with ANU Indonesia Project and the Australian Indonesian Centre.

Dr Pangestu is ANU Indonesia Project’s Advisory Board Member and she also sits in the Editorial Board of the Bulletin on Indonesian Economic Studies (BIES).

Mari Pangestu with Tom Kompas, Director of Crawford School (left), Ian Young AO, ANU Vice Chancellor (right) and Veronica Taylor, Dean of ANU College of Asia & the Pacific.

Mari Pangestu with Tom Kompas, Director of Crawford School (left), Ian Young AO, ANU Vice Chancellor (right) and Veronica Taylor, Dean of ANU College of Asia & the Pacific.

 

You can access the video of this Lecture below and presentation is available here: