Commentary by Wayne Forrest It keeps happening over successive Indonesian presidencies: a transformational figure is elected (Susilo Bambang Yudhoyono, Joko Widodo) who appoints transformational ministers, who propose reforms. But, then things bog down. Frustration sets in, or the person leaves the Cabinet. Growth atrophies and the language of discourse remains in the pluperfect tense.
The principals of 5 US-Indonesia organizations with Vice President Jusuf Kalla and US Ambassador Joseph Donovan Commentary by Wayne Forrest Indonesia seemed to be exhibiting multiple personalities during my visit last week as it simultaneously hosted a major athletic event(Asian Para Olympic Games) and banking event (World bank/IMF Annual Meetings) while organizing
Indonesia possesses many excellent economists who know supply and demand. They graduate from the economics departments of not only the nation’s best universities that rank with counterparts in other countries but from foreign universities as well. Many occupy senior positions in the government. But yet, when it comes to commodities such as rice or
May 9, 2017- My recent visit to Indonesia underlined a defining feature of Indonesia’s political economy: ambiguity. The common theme among all my meetings with local as well as international business people was that contradictory regulations, shifting political winds, side-wise legal decisions, were all hampering an economy that should be growing above 5%. So every