Thammasat University students interested in ASEAN studies, Indonesia, economics, business, law, development studies, human rights, history, political science, soft power, and related subjects may find it useful to participate in a free 13 November Zoom webinar on Navigating the Shrinking Middle Class, Lasting Poverty and Vulnerability.
The TU Library collection includes books on diverse aspects of wealth in Indonesia.
The event, on Friday, 13 November 2026 at 12:30pm Bangkok time, is presented by the Australian National University (ANU) Crawford School of Public Policy.
Students are invited to register for the event at this link.
Crawford School of Public Policy is a research-intensive policy school within the ANU College of Law, Governance and Policy at The Australian National University which focuses on Australia and the Asia-Pacific region.
The Crawford School has disciplinary and interdisciplinary expertise in public policy, economics, political science, national security, aid, development, and environmental management.
Its website notes:
The Crawford School of Public Policy at the Australian National University is Asia and the Pacific’s leading graduate public policy school and a world leader in shaping public policy. Through research, education, and policy engagement, staff and students at the Crawford School play a vital role in influencing public policy.
The School is home to some of the region’s most influential researchers, with many staff actively participating in government committees and holding key advisory roles across government, business, and civil society.
We also offer graduate study programs and executive education in a range of fields, including public policy, applied economics, public administration, environmental management, climate change, and national security policy.
The event website explains:
The 10th Annual Mubyarto Public Policy Forum explores Indonesia’s shrinking middle class, lasting poverty, and vulnerability, featuring a keynote by Professor Sharon Bessell on child poverty.
About the 2026 Keynote Lecture: Rethinking Poverty to Ensure All Indonesian Children Thrive, with keynote speaker: Professor Sharon Bessell, The Australian National University (ANU)
Indonesia has achieved remarkable progress in reducing poverty, improving the lives and opportunities for millions of people.
Yet major challenges remain and gains in poverty reduction appear precarious.
Indonesia now faces a ‘middle class squeeze’, while almost a quarter of the population are identified as vulnerable to poverty.
Moreover, rates of child malnutrition, particularly stunting and anaemia, remain very high.
Achievements in reducing rates of poverty at the population level, together with ongoing and emerging challenges, provide a foundation for a new vision with greater ambition: asking not only how poverty rates can be held steady or further reduced, but what is required for every child to live free from multidimensional poverty.
Professor Mubyarto’s vision of development placed people, social justice, and shared prosperity at the centre of economic and public policy.
This lecture takes inspiration from that vision to consider what a similarly ambitious, people-centred approach to poverty requires when we begin from the experience of children themselves.
Based on research with children, families and communities in Indonesia through the Suara Anak project, and drawing on research from Australia, this lecture introduces the Material-Opportunity-Relational (MOR) Framework.
The MOR Framework recognises the fundamental importance of material resources, while showing how poverty also constrains children’s opportunities now and into the future and places foundational relationships under pressure.
Indonesia’s achievements in poverty reduction create the possibility of raising the bar while current challenges require new ways of thinking.
This lecture explores the need to move beyond minimum thresholds towards a child-centred, multi-dimensional understanding of poverty that is grounded in children’s own experiences, and centring what they need to develop, learn, participate and thrive.
Discussants
Ririn Salwa Purnamasari
A Senior Economist at the World Bank, working on key development challenges in Indonesia, including poverty reduction, inequality, employment and gender disparities.
Ni Luh Agastya
The Director of the Center on Child Protection and Wellbeing at Universitas Indonesia (PUSKAPA UI), and a lecturer and researcher at the UI Department of Social Welfare.
Wisnu Setiadi Nugroho
An economist and researcher at the Department of Economics, FEB UGM, specialising in poverty, economic inequality and development economics.
Moderator
Qisha Quarina
An academic and researcher at the Department of Economics, FEB UGM, specialising in labour economics, education economics and social protection within the broader field of development economics.
About the Mubyarto Public Policy Forum
The ANU Indonesia Project, in collaboration with the Department of Economics, Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), is pleased to present the 2026 Mubyarto Public Policy Forum.
This series is named in honour of Professor Mubyarto, a prominent economist at Gadjah Mada University, who was one of Indonesia’s most influential intellectuals.
It aims to stimulate debate on development policy issues in Indonesia.
Mubyarto Public Policy Forum 2026 is open to students, academics, researchers, policymakers, and the general public!
Mubyarto was an Indonesian economist.
He was born in Sleman, in Yogyakarta, and became a professor of economics at Gadjah Mada University in Yogyakarta specialising in agricultural economics.
He frequently wrote and spoke about challenges of agricultural development in Indonesia.
Later in his career he became known for his interest in Pancasila economics and ekonomi rakyat (people’s economics).
Early career
Mubyarto grew up in the town of Yogyakarta.
He first studied economics as a student in the Economics Faculty (Fakultas Ekonomi) at Gadjah Mada University and he was appointed as a junior lecturer on graduation in 1959.
Mubyarto pursued his graduate work in the United States, first earning a Master of Arts degree from Vanderbilt University in 1962.
His interest in rural development gained rigour throughout his PhD program at Iowa State University where his doctoral dissertation was a study of the issue of The Elasticity of the Marketable Surplus of Rice in Indonesia.
Work in Indonesia
Upon completing his PhD in the United States in 1965, Mubyarto returned to take up a post at Gadjah Mada University.
At the time, economic conditions in Indonesia were very difficult and the province of Yogyakarta (the Special Region of Yogyakarta, or Daerah Istimewa Yogyakarta) was one of the poorest areas of Indonesia.
Through most of his career he regularly pointed out the issue of poverty.
Related to the concern about poverty was the price of rice and its effect upon the community.
Later in his career at Gadjah Mada University, he attained the status of professor.
Pancasila economics, also known as Indonesian populist economics, is an economic system which aims to reflect the five principles of Pancasila.
Pancasila is the official, foundational philosophical theory and state ideology of Indonesia.
It is composed of five principles:
- Belief in the One and Only God
- Just and Civilized Humanity
- The Unity of Indonesia
- Democratic Life Led by Wisdom of Thoughts in Deliberations Amongst Representatives of the
- Social Justice for All the People of Indonesia
Mubyarto was one of the staunchest of the Pancasila economic theorists.
Mubyarto and Boediono developed it the most.
In essence, a Pancasila economy is a system that tries to avoid pendulum-like swings from one extreme (a free market economy, known in Indonesia as free fight liberalism) to the other (state socialism, especially of the Soviet kind).
In simple terms, a Pancasila economy can be described as a market economic system with government control or a controlled market economy.
A Pancasila economy can be considered an example of a mixed economy or a third way economic system.
A Pancasila economy is seen as a counterbalance to a neoclassical approach promoting individualism and free markets that is adapted the values of Indonesian society, including religious values, culture, customs and norms.