Facilitating deregulation<\/p>\n
The government is expected to announce shortly further
\nderegulation measures which, according to Minister\/State
\nSecretary Moerdiono, will affect key sectors of the economy.
\nMoerdiono did not say which categories will be deregulated.
\nObservers believe the measure will affect the cement, paper,
\nautomotive and retail trade sectors. Obviously, the government's
\nintentions are warmly greeted.<\/p>\n
Since the early 1980s deregulation has become a key phase. The
\ngovernment is well aware of the fact that without deregulation
\nthe Indonesian economy would become isolated. Indonesian products
\nwould not be able to compete because they would be of inferior
\nquality and too expensive.<\/p>\n
Indonesia is, at present, one of the countries of East and
\nSoutheast Asia which have scored high growth figures in the past
\ndecade, due to its sensible economic policies. However, such
\ngrowth cannot be sustained, much less accelerated, unless daring
\nand consistent deregulation measures are taken by the government.<\/p>\n
This warning is implicitly contained in the Asian Development
\nBank's recent report. According to the bank, the deregulation
\npolicies, which Indonesia so daringly followed in the early
\n1980s, have in the past four years stagnated in both efficacy and
\ndaring.<\/p>\n
The stagnancy in the deregulation policies, to borrow the
\nbank's term, has lately affected the sector of investment. The
\nCapital Investment Coordinating Board and related ministries,
\nparticularly the ministries of industry and trade, appear to lack
\na common perception regarding deregulation.<\/p>\n
Without the courage to improve the licensing system, the
\nforthcoming deregulation measures may not mean very much. As a
\nresult we could be left even further behind other ASEAN members.<\/p>\n
-- Media Indonesia, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/facilitating-deregulation-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }