Economic Essay on Indonesia Paper

The paper should examine a developing nation (which is Indonesia) and use the materials, statistics, theory taught in the class.

After examining the country and determining its current development, you should discuss how to increase development in the country. Explain where resources should be provided and the expected development gain. 

Here’s a general outline

  1. History and brief backdrop of the country.
  2. Statistics used the values measured and the meaning of the statistic. You do not have to use all the statics covered in homework or lecture (stats are included below). Your statistics should explain what you think is important to explain. 
  3. You should expand on any idea you think is interesting. For example, you think inequality is interesting- you can write your entire paper about inequality. You are encouraged to be creative, focus your analysis, and explore (further, learn). 
  4. Clear concise writing is your goal. Papers that waste time with “fluff” or extra information that does not relate to development will be downgraded. 
  5. Include at least 2 charts or graphs.

Below are some useful stats I generated throughout the course for you to use if needed. (You don’t have to use all the data provided, be sure to choose some that you think is worth talking about in the paper. You can include any other data that’s not on here but you think is interesting. Also, no specific requirement about which year the data has to be.)

  1. HDI index.

The human development index has three main indices. These include the life expectancy index (LEI), the education index (EI), and the income index (II).

Under the old HDI formula, the Indonesia HDI for 2015 y finding the average of the three indices:

            HDI = (LEI + EI + II)/3 = (0.76 + 0.91 + 0.58) / 3 = 0.75

Under the new formula, II is given by Log (GNIpc) – Log ($100) / Log ($75, 000) – Log ($100), whereby II is equal to 1 when the GNI per capita is $75,000 and equal to 0 when it is $100. In 2015, Indonesia’s GNI per capita was 10,700 PPP dollars.

Thus, II = Log (10,700) – Log ($100) / Log ($75, 000) – Log ($100)

            = 0.71

The new HDI formula: (LEI × EI × II) 1/3

= (0.78 × 0.63 × 071) 1/3 = (0.35) 1/3 = 0.70

  1. Rate of inflation – The World Bank reports this figure as 3.0% for 2019[1].
  2. Rate of unemployment – youth total (% of the total labor force aged between 15 and 24) stood at 17.0% as of 2019 which was a rise from 16.372% from 2018[2]
  3.  The total fertility rate – Indonesia’s fertility rate for the total births per woman as of 2018 was 2.3.[3]
  4. growth rate of population – The World Bank finds that this figure stood at 1.1%[4]
  5. the growth rate of GDP – 5.17[5]% as of 2018
  6. Crude birth rate – The World Bank provides that the figure for Indonesia in 2018 was 18 births per 1000[6].
  7. Poverty Gap Index – Poverty gap at $3.20 a day (2011 PPP) (6%) – Indonesia[7]
  8. Income Gap Index – 39[8]
  9. Headcount (Poverty) Ratio – In Indonesia, the figure stands at 9.8 as of 2019[9].
  10. Percent of population employed in agriculture – 30.26%[10]
  11. Find the countries current Gini index – GINI index by the world bank was 39 for 2018[11]
  12. Find the countries past (you pick the year) Gini Index – Income inequality Gini Index 0.394 for 2017[12] 

Provide an interesting statistic not requested – It comprises 18307 Islands[13].

Here’s some theory or index you can include in the paper.

  1. PPP
  2. Poverty
  3. Sex ratios
  4. Gini
  5. Lorenz curve
  6. Population trap mo