LOL, which country has ever maintained 7 percent PPP per capita growth for 25 years at the low energy consumption and foreign investment level Bangladesh stagnancy trends right now?...even ignoring the GDDS inflation addition that has been pointed out by the 4% long term growth for BD (harvard study).
and then you put equivalent year for BD at 4.6k and Indonesia at 12.4k?
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=BD-ID
In 2017, BD was 3.8k and Indonesia was 12.2 k. Indonesia is growing at 5.4% for last 5 years. BD 7% growth is only because of low base effect, it will not continue or sustain at that rate to compound for the aforementioned reasons (inflation, GDDS standard yoke catching up, miniscule energy consumption and paltry foreign investment + continued high atrocious taxes and duties on basic manufacturing capital goods like
@Michael Corleone can vouch for).
When BD reaches around 4.6k in 3 years time (if it holds), Indonesia will have reached 14.3k.
What further adds to the disparity is how much BD is able to muster to invest outside its borders (very important at this stage for growth model of using technology,acquisition, natural resource stakes like IND,INA,China, Asian tiger model etc...:
http://unctad.org/sections/dite_dir/docs/wir2018/wir18_fs_bd_en.pdf
http://unctad.org/sections/dite_dir/docs/wir2018/wir18_fs_in_en.pdf
http://unctad.org/sections/dite_dir/docs/wir2018/wir18_fs_id_en.pdf
BD 2017 (right now) = 170 million dollars outward investment
To try put other two closer to BD right now in PPP level:
India 2005 (12 years ago) = 11.5 billion USD
Indonesia 2005 (12 years ago) = 3.5 billion USD
I will let you figure out that per capita and how far you are behind. It is like your olympics performance as a country. This is why you will be stuck in a low income trap pretty soon (LDC quota expiration will only make it worse), forget arguing about middle income trap for Indonesia or anyone else.
Your internal FDI stock is actually stagnant too this early in your stockpiling (indicating heavy depreciation and collateral attrition thanks to your loan-dependence).
So you aren't going to make any much headway in even legacy industries and services...forget approaching any frontier ones.
Its like a malnourished BD pole vaulting illegal saying it will be entering world strong man competition in 10 years time like his proposed claimed peers did already 10 years back. You actually have to prove a lot first....a very long road to go....and the crucial trends (your effective throw-weight mass internationally at your claimed strength level) do not look good at all...posing serious questions to even your claimed strength level in the end (as the M A Taslim article has shown regarding inflation making up most of the claimed growth).
@Marine Rouge @Gibbs @bluesky @Aung Zaya