Furthermore, by focusing on human capital reform, Indonesia could avoid middleincome trap, a phenomenon in which a developing country (as defined as middle income country group) is unable to move up to higher level of income.
However, it serves as the light in the tunnel for the reform of the international monetary system. 2. A super-sovereign reserve currency not only eliminates the inherent risks of creditbased sovereign currency, but also makes it possible to manage global liquidity. A super-sovereign reserve currency managed by a global institution could be used to both create and control the global liquidity.