Tag: Crony capitalism

Written by lookingbeyondborders

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 […]

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Written by lookingbeyondborders

India’s Empty Democracy Can’t Protect Its People

Elections make for responsive and accountable governments, or so goes the truism. But can they also achieve the opposite — that is, encourage complacency, even callousness, among elected representatives? Last month’s headlines from India and China present a disquieting contrast between elected and unelected governments for anyone committed to democratic politics. Read Here – Bloomberg

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Written by lookingbeyondborders

Everything You Think You Know About China Is Wrong

For the last 40 years, Americans have lagged in recognizing the declining fortunes of their foreign rivals. In the 1970s they thought the Soviet Union was 10 feet tall — ascendant even though corruption and inefficiency were destroying the vital organs of a decaying communist regime. In the late 1980s, they feared that Japan was […]

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