- Joined
- May 30, 2023
- Messages
- 359

Income not equivalent to welfare
The middle-income trap, simply put, is when a country has developed so far that it struggles to compete with less developed countries on labor unit costs while not having advanced far enough to compete with more developed countries on competence.
Good overview of the middle income trap, the way out, and that income is not everything but ensuring people's needs are met equitably is.
As an emigre... I can't help but think part of the solution would have to involve making it easier for the diaspora to return and for foreigners to settle and work in Indonesia, but ... we'll see