Indonesia Has Made A Remarkable Economic Comeback. Yet, Its Amazing Growth Is Neither Sustainable Nor Inclusive.

An inconvenient fact is that Indonesia’s economic growth is mainly driven by a commodity boom fuelled by China’s appetite for raw materials and global demand for biofuels. China’s enterprises are building bullet trains while Indian car– and IT-companies compete around the world. Indonesia, all the while, manufactures…essentially nothing. Most international manufacturing companies have moved on to greener pastures a long time ago while domestic companies are unable to compete internationally with the exception of a few conglomerates run by crony capitalists from the New Order period.

Read Here – The Diplomat

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