THE FACTORS INFLUENCING OF ECONOMIC GROWTH IN DEVELOPING COUNTRY - INDONESIA

Abstract

This article examines the current status and characteristics of economic development in developing countries, and studies some of the more mature and lagging countries in developing countries.This article will use the Quantitative Research type and then process its data. The purpose of this thesis is to identify four critical factors affecting the economic growth of the developing country, Indonesia.Not only Indonesia, but more than 200 countries in the world are developing countries, there are many like China that is about to enter developed countries. Various social problems in developing countries have made it impossible to take their economies closer, resulting in low per capita income, low living standards, and a large gap between the rich and the poor; excessive dependence on agricultural production and the export of primary products. The economic development of developing countries is facing a lot of problems. There are also many differences in economic development models. Developing countries want to realize their economic growth, but also rely on the advantages of economic globalization, and determine development strategies based on their development status. The conclusion in this regard is that we need to comprehensively accelerate the reform of these countries on import and export, inflation, education, and health, and improve the comprehensive competitiveness of developing countries' economies in international financial markets.