Sri Mulyani Indrawati Quotes
Many developing countries are enjoying demographic changes. They have a younger demographic composition so they're not burdened by legacy policy. Now, if you combine this with a good macro policy and ambitious structural policy, those countries are able to move more flexibly and be more agile.
Indrawati, Sri Mulyani. Interview. Bloomberg News, 2015.
The relationship of population increase economic growth is a critical one. If an underdeveloped country manages to have a 3% annual economic growth rate and also has a 3.2% population growth, at the end of the year, the average person is actually poorer than he was the previous year. South Korea, China, Thailand and India implemented successful population control and family planning programs before they were able to take advantage of economic development. To modernize, the country must be able to have a surplus of funds which can be invested in roads, schools, hospitals, and other facilities which can produce even more growth later. Too many new mouths to feed, clothe and care for can be a barrier to development even if the economy is reasonably good.
The mayor was confronted with a poll showing that over 70 percent of the public opposed taxpayer support for a sports stadium which would provide subsidies to profitable professional sports teams. Nonetheless he continued to support the idea believing that the issues were too complex for the public to understand.
Sri Mulyani Indrawati is an Indonesian economist who has been Minister of Finance of Indonesia since 2016; previously she served in the same post from 2005 to 2010. In June 2010 she was appointed as Managing Director of the World Bank Group and resigned as Minister of Finance. On July 27, 2016, Sri Mulyani was reappointed as Minister of Finance in a cabinet reshuffle by President Joko Widodo, replacing Bambang Brodjonegoro.