Foreign investors are usually either over-optimistic or wildly pessimistic about Indonesia. Before 1997 they were piling in without a qualm. Then in the wake of the Asian crisis they convinced themselves that it was close to being a failed state. Now they are enthusing again, if not quite like the 1990s but still buoyed by stable democratic government, well-managed finances and the assumption that Chinese growth will underwrite its commodity export prices for years to come.
Indonesia's Sweet Decades
Indonesia's Sweet Decades
Indonesia's Sweet Decades
Foreign investors are usually either over-optimistic or wildly pessimistic about Indonesia. Before 1997 they were piling in without a qualm. Then in the wake of the Asian crisis they convinced themselves that it was close to being a failed state. Now they are enthusing again, if not quite like the 1990s but still buoyed by stable democratic government, well-managed finances and the assumption that Chinese growth will underwrite its commodity export prices for years to come.
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.