economics
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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…
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Has Indonesia’s New Sovereign Wealth Fund Stumbled Before It Could Run?
Danantara’s governance has raised many concerns throughout its first half-year in existence. While much will need to be ironed out as the fund is in its infancy, the current governance and structure raises many flags that need to be resolved if Indonesia truly and seriously wants its very own Temasek.…
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Chinese Yuan Under Pressure Ahead of the National People’s Congress
China will confront a unique set of economic challenges in 2025. In the past two years, the world’s second largest economy saw a lukewarm COVID-19 recovery, a property crisis and a private business crackdown—all while facing an aging population crisis. Substantive monetary easing measures are expected from the upcoming National…
Sino-Southeast Initiative 