Indonesia's economic and political landscape in the 21st century has undergone a remarkable transformation akin to nations such as South Korea, Singapore, Brazil, India, and Chile. These countries have all transitioned from varying stages of economic development to global prominence through strategic policies and visionary leadership. Indonesia's evolution reflects its departure from outdated classifications like the "Third World," embodying resilience, growth, and transformation on the global stage. Its trajectory is marked by significant economic growth, with services and industry sectors playing dominant roles. As Indonesia continues to progress, private consumption, business investment, and public spending remain key drivers of its expanding economy. The country's recent achievement of upper-middle-income status underscores its dynamic growth and resilience. Positioned strategically within ASEAN and committed to initiatives like climate change mitigation, Indonesia emerges as a key player in shaping the future of global politics and economics. Like, comment, and subscribe for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos.

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0:00 Intro
0:20 Is Indonesia Rich or Poor?
2:10 A Historical context
4:08 Modern Definition of Third World
5:14 Indonesia’s Status
6:52 Indonesia is an emerging middle-income country
8:59 Gains in poverty reduction and political stability
10:36 Indonesia at upper-middle-income classification status
11:29 Challenges in human capital development
11:44 Climate change
12:31 Indonesia has shed its classification as a "Third World" country
14:07 Conclusion

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#indonesia #Indonesiarichorpoor #developingindonesia #jokowidodo #jakarta #southeastasia #ASEAN #Nusantara #IsIndonesiaRichorPoor


Disclaimer:
The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.

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