How the Indonesian Economy Can Recover from the Coronavirus

The coronavirus pandemic has ravaged the Indonesian economy. While President Joko Widodo, also commonly known as Jokowi, promised 7 percent annual GDP growth, he has not met his target. However, Indonesia may yet bolster its economy with its one comparative advantage. Can the island nation recover from the staggering losses from the coronavirus pandemic and achieve its growth targets?



About Trinh Nguyen
Trinh Nguyen is a nonresident scholar in the Asia Program at the Carnegie Endowment for International Peace.

The Carnegie Endowment advances international peace by leveraging its global network to shape debates and provide decisionmakers with independent insights and innovative ideas on the most consequential global threats and opportunities.


#Indonesia #Economy #Coronavirus #Jokowi #foreignpolicy #CarnegieEndowment

[tikoble]

red tape, labour unrest, unproductive workers, lack of infrastructure and systemic corruption are among the obstacles Indonesia must overcome

[darrenx]

This assessment of Indonesia is spot on. Great things lay ahead for Indonesia if they capitalize on it. Demographic trends point to Indonesia having a rise like America did with it's baby Boomer generation. In reliance on that, we are moving all manufacturing in Germany to Indonesia, specifically Batam and Jakarta with their locations near Singapore to attract an excellent workforce that is eager to learn. It is a gamble, but a good one because we believe strongly in the moral fiber, culture and people of Indonesia. Our biggest issues are dealing with corruption attempts and the unreliability of rule of law impacted by constantly changing policy and cooresponding law and the Ministers that interpret and implement that often vague law. A Minister once assured me that our business would be supported by the government and licenses would be reissued, but I pointed to an enabling law regarding import and export that had a sunset at the end of the then current year. I asked what happens on Jan 1 of the next year? His response? "Only Allah knows." Well, I love Allah, but I don't invest hundreds of millions on infrastructure and job training based entirely on my or their religious beliefs. I have to base it on rule of law and consistency in policy objectives evidenced by stable Ministries unaffected by what a regional or national strongman thinks is best for the next 12 months. But I got enough assurances to make the leap and while it takes a ton of on the ground work, cajoling and support, it is working -- and Indonesia is benefiting from that in the form of hundreds of skilled jobs, taxes, exports and know how. I will soon move to Indonesia because that's what it takes and I love the people and government there very much. My family is all Indonesian while I am an American bule only able to claim some sort of past life in Indonesia and Singapore. Long interesting story. I am determined to see Indonesia reach new levels of success.

[rudynugroho]

our biggest problem is corruption, not effective governmental institution, not all but still most of its institution and we have bad behavior in government "if u can make the bureaucracy process difficult why should u make it easy", our provincial autonomy system is also making corruption become more massive..damnit, , , so many homework towards greatness

[Wan-ftxg]

Indonesia will always be number 1 from my point of view bcos even other countries try to penetrate indonesia (Smart Governance)

[hendriansaputra]

saya orang Indonesia...

gak nanya kan

[MythicalCreatureRoblox-fnlg]

I wish Indonesia will hit a 9.5 Earthquake