Indonesia at a Crossroads

In late December, two leading national daily newspapers carried a huge ad by the “Keluarga Besar BUMN” (“The Big Family of State-Owned Enterprises”), titled “Indonesia itu Mengecewakan’ (“Indonesia Disappoints”). Inspired by the wry humor of Chatib Basri, one of Indonesia’s sharpest young economists, it was a satirical take on criticism of Indonesia’s economy, which grew by 6.5 percent in 2011.

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