NOTICE: Open Forum: Assessing Indonesia’s Evolving Industrial Policy
Open Forum
Assessing Indonesia's Evolving Industrial Policy
Thursday, October 29th
9:00 a.m. EDT
8:00 p.m. WIB
Online via Zoom
Dr. Deasy Pane
Fellow, School of Government,
Economic Research Institute for ASEAN and East Asia (ERIA)
Dr. Maria Monica Wihardja
Fellow and Co-coordinator of the Media, Technology and Society Program
ISEAS – Yusof Ishak Institute
Moderated By:
Ambassador David Merrill, USINDO President
Indonesia has prioritized robust industrialization as an engine to drive the country’s economic development. Indonesia’s government is targeting 6% GDP growth in 2027, up from the 5.4% target in 2026, and set an even more ambitious target of 8% economic growth by 2028. Industrial policy takes a central role in Indonesia’s long-term strategy under the Golden Indonesia 2045 Vision to achieve greater self-sufficiency.
To meet its ambitious goals, Indonesia has broadened its use of industrial policy through a mix of policy tools. These include trade and investment policy instruments, fiscal incentives, subsidized inputs, technological upgrading support, skill development programs, and the establishment of industrial estates and special economic zones. What are the implications of Indonesia's industrial policy for the country’s long-term capabilities and competitiveness? Are they enough to achieve Indonesia's ambitious targets for investment and economic growth, given current headwinds? How can Indonesia's industrial policies be strengthened?
This Open Forum will provide new insights based on recent research into how Indonesia can effectively implement and improve its industrial policy. It will provide expert analysis of current industrialization efforts and offer recommendations for enhancing Indonesia’s approach, practices, and outcomes.
Our presenters have recently completed an in-depth study on Indonesia's industrial policies and will present their results and recommendations. Dr. Deasy Pane, currently a fellow at the Economic Research Institute for ASEAN and East Asia (ERIA), will present an overview of their research and findings. Dr. Maria Monica Wihardja, fellow and co-coordinator of the media, technology and society program at the ISEAS-Yusof Ishak Institute in Singapore who co-authored the study, will present additional comments and insights on Indonesia’s industrial policy approach.
After their presentations, we will take questions from the online audience. USINDO’s President, Ambassador David Merrill, will moderate this discussion. Please join us for this timely and interesting discussion.
Full Biography of Speakers:
Dr. Deasy Pane is currently a Fellow at the Economic Research Institute for ASEAN and East Asia (ERIA). She is also a Senior Planner at Indonesia’s Ministry of National Development Planning (Bappenas). She was a Wang Gungwu Visiting Fellow at ISEAS-Yusof Ishak Institute in Singapore, and is a Senior Fellow at the Centre for Indonesian Policy Studies. Her research focuses on the impacts of trade and industrial policies on development outcomes. Dr Pane holds a PhD in economics from the Australian National University (ANU) and both Bachelor’s and Master’s degrees in industrial engineering from Institut Teknologi Bandung (ITB).
Dr. Maria Monica Wihardja is a Fellow and Co-Coordinator of the Media, Technology and Society Program at the ISEAS-Yusof Ishak Institute. She is also an Adjunct Assistant Professor at the National University of Singapore (NUS). She serves as a member of the East Asia Forum’s Editorial Board, the Asian-Pacific Economic Literature’s Editorial Advisory Board, and the Center for Indonesian Policy Studies’ Board of Directors. Her other affiliations include Global Associate at the Indonesia Project and Honorary Senior Lecturer at the College of Asia and the Pacific, Australian National University. She also served in the Executive Office of the President of the Republic of Indonesia as a senior advisor to the Deputy Chief Staff in charge of strategic economic issues. She has a PhD in Regional Science from Cornell University, a MPhil in Economics from Cambridge University, and a BA in Applied Mathematics-Economics from Brown University.
The event will be held online via Zoom.
To register, please click here.
If you face any technical difficulties with the link above, you can also register by sending an email to [email protected].
The United States-Indonesia Society's mission is strengthening mutual understanding between the United States and Indonesia, enhancing the bilateral relationship, and deepening the U.S.-Indonesia Comprehensive Strategic Partnership. We implement our mission through public discussions in each country and long-term bi-national programs in the education, legislative, and other sectors.
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