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.
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