By: Setyo Budiantoro (Senior Researcher The PRAKARSA)
Indonesia, with its long history of resilience and adaptation, is now at a crucial crossroads in its economic journey. For years, the manufacturing sector has been the backbone of the country’s economic growth, providing jobs for millions and putting Indonesia on the global economic map.
However, with the rapid advancement of technology, this once mainstay sector is starting to show signs of decline. If in 2001 the manufacturing sector contributed 29% of Gross Domestic Product (GDP), then after that its contribution dropped drastically and is now even less than 19%.
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This article was previously published ini investor.id with judul "Strategy Dual Tracks, “The Way Out of the Deindustrialization Crisis”.