Danantara
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Cargo Cult Capitalism: Why Indonesia’s New Sovereign Wealth Fund Won’t Fix the 5% Growth Trap
Guest Article by Nisa Fathia Rahma Indonesia’s struggle to escape its 5% growth ceiling reflects deep institutional constraints rather than a temporary slowdown. While the government has turned to the Danantara sovereign wealth fund to drive development, without regulatory certainty, meritocratic governance, and rule of law, state-directed capital risks reinforcing…

