KDI 한국개발연구원 - 경제정책정보 - 발간처별 목록 - 경제분야 국제기구 - ADB - Export Boom, Employment Bust? The Paradox of Indonesia’s Displaced Workers, 2000-2014

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Export Boom, Employment Bust? The Paradox of Indonesia’s Displaced Workers, 2000-2014

ADB 2018.11.19
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The phenomenon of job displacement and “jobless growth” during an economic boom may be a uniquely Indonesian paradox, but the conditions in which they become possible are shared in the developing world. In Indonesia, an export boom and rapid, sustained gross domestic product (GDP) growth in the decade after 2000 was accompanied by real earnings that were flat on average, and even declined for many workers. Conventional models of growth and trade predict that labor productivity rises as an economy develops; that this should not be observed during a period of high GDP growth is a puzzle that merits careful investigation.

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