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View all search resultsLet’s assume that 150 richest tycoons in Indonesia could voluntarily donate 10 percent of their wealth to jointly surmount the various problems encountered by the nation, particularly in education, health, UMKMs and natural-disaster mitigation.
The administration of President Joko "Jokowi" Widodo and Vice President Jusuf Kalla has statistically managed to reduce the country’s poverty rate since entering office, but at the same time it has created a greater depth of poverty, an economist has said.
Economic inequality in Indonesia has slightly narrowed as the contribution of income earners in the middle-income segment increased amid the government's effort to boost labor-intensive infrastructure projects, the Central Statistics Agency’s (BPS) latest report indicates.
Income inequality in Indonesia is now worse than in Thailand, Vietnam, Cambodia and Laos, although it is better than in the Philippines and China. According to a recent World Bank report, only 20 percent of Indonesians benefitted from the growing economic wealth during the last decade, while 80 percent — or about 205 million people — were left behind. According to the World Bank, Indonesia has one of the highest wealth concentrations in the world. The richest 10 percent of Indonesians own an estimated 77 percent of the country’s wealth. Half of the country’s assets are owned by the richest 1 percent.
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