As 2015 draws to a close, the Indonesian government is trying to convince the jury on two counts — first, that it has turned the corner towards more constructive economic policy, and second, that it has the political leadership and capacity to implement this new policy. The scale of the challenge is large as Indonesia’s competitiveness has been sagging. Over the past few years a plethora of regulatory interventions have discouraged investment and widened the infrastructure gap. The government’s loss of policy credibility, owing to a lacklustre track record and difficult external environment, magnifies the challenge.
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Authors: EAST ASIA FORUM