Exclusive growth is like a poison, it is deadly but kills slowly, said Sri Mulyani Indrawati at the WikiStage World Bank Group in Lima, Peru in 2015, when she was its managing director.
xclusive growth is like a poison, it is deadly but kills slowly, said Sri Mulyani Indrawati at the WikiStage World Bank Group in Lima, Peru in 2015, when she was its managing director. During the recent Bali meetings of the International Monetary Fund and World Bank Group, in a seminar on women in the workplace Sri Mulyani, now finance minister, echoed experts who said unpaid household chores must be included in the measurement of a country’s economy.
Though some doubt she was serious, better recognition of what is mostly unpaid women’s work is urgent. Men and women could not work in the formal or informal economy without anyone taking care of their small children.
The Indonesian government is focused on transforming human capital to achieve sustainable economic growth; 20 percent of the state budget is allocated for education with emphasis on disadvantaged groups, including the poor and those living in least-developed regions.
Yet economic growth remains stagnant at 5 percent, with 6.87 million people still jobless and 25.95 million people living below the national poverty line, according to Statistics Indonesia (BPS).
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