Indonesia like India?
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Indonesia, the new India?
Indonesia's "economy grew by 6.3 percent last year, the main stock exchange ranks among the world's best performers since 2003 and last year foreign direct investment nearly tripled, to a respectable $4 billion. All of which resembles India in the 1990s, when reforms kick-started a potentially massive economy—though outsiders barely noticed until the IT sector took off and growth passed 8 percent.
"In Indonesia, the key sectors are energy, mining and soft commodities like rubber, palm oil and cocoa... President Susilo Bambang Yudhoyono says he sees no inherent reason why a big democracy like his can't grow as fast China, which has posted 10 percent growth rates in recent years." - Read the full article here.
Indonesia's Bakrie: "In order to finance massive expansion so that the Minister of (His Family's) Welfare could become Indonesia's richest man, various banks lent him loads of money... That J.P Morgan wanted its loans paid off seems fair enough; Bakrie, on behalf of their shareholders, gambled and didn't win." - Jakartass
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Indonesia or India?
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