The Strategy of Growth and Economic Development in Indonesia
International Journal of Science and Qualitative Analysis
Volume 1, Issue 2, July 2015, Pages: 29-32
Received: Jun. 19, 2015; Accepted: Jul. 1, 2015; Published: Jul. 2, 2015
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Author
Puji Iswanto, Department of Mechanical Engineering, Faculty of Engineering, Universitas Negeri Jakarta, Jakarta, Indonesia
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Abstract
Economic development became something expensive for countries retarded. Therefore, they must establish a strategy to overcome barriers that exist in the country. The purpose of this article is to give an overview of the theories and strategies in economic development so that it can be understood by the reader. Strategies to overcome obstacles and build a country's economy, among others, is the theory of low-level equilibrium trap, cumulative causation theory, the cycle of poverty, the strategy of critical minimum effort, and balanced development strategy. These strategies can actually be implemented. However, not all countries can do so because of various obstacles. It requires a long time and substantial capital expensive even for underdeveloped countries.
Keywords
Development Economic, Growth Economic, Economic Strategy
To cite this article
Puji Iswanto, The Strategy of Growth and Economic Development in Indonesia, International Journal of Science and Qualitative Analysis. Vol. 1, No. 2, 2015, pp. 29-32. doi: 10.11648/j.ijsqa.20150102.13
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