Trade tensions, already surfacing pre-COVID 19, have been brought into sharper focus by the economic impact of the pandemic. We are expected to have consecutive quarters of negative growth and while there might be a rebound in the last quarter, we should expect the impact of the slowdown well into 2021. With all these challenges the pandemic has brought, it is now more important than ever that the Government chooses the right areas on which to focus. The impetus on decentralizing global supply chains and reducing the risks of future disruptions are driving several ASEAN countries, including Indonesia, to invest in their agricultural and industrial capacity. The road map followed by Japan, South Korea and China to successfully transform their economies over the past 70 years combines an investment in infrastructure and technology coupled with a significant increase in spending on healthcare and education which collectively led to improvements in productivity and competitiveness on the world stage.
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