Analysing Economic Openness and assessing its positive effects on prosperity is now a time sensitive task, with the benefits of globalisation and Economic Openness being questioned in the wake of the global financial crisis. We continue to see the impact of the crisis in public debate ten years on, with the rise of nationalism and populist politics in Indonesia, and across the world. As Joko Widodo starts his second term, his challenge is to continue improving the openness of Indonesia’s economy, paying particular attention to encouraging greater competition, both domestically and internationally, while maintaining enough broad-based political support for reform programmes.
Trade is indispensable to fostering greater levels of global economic development. As the OECD has written, “No country has lifted itself out of poverty without international trade.” This category consolidates GTIPA-member reports assessing the intersection of trade and economic development.