Towards an Indonesia Incorporated?

Towards an Indonesia Incorporated?

To the sharp criticism voiced by (senior economist Prof.)
Widjojo Nitisastro, the no less sharp comment of Indonesian
economic guru Prof. Sumitro Djojohadikusumo has been added.
According to Sumitro, "subsidies and protection accompanied by
practices of monopoly and oligopoly, including in those regarded
as key and strategic industries, could in the longer run weaken
this country's competitive standing and often even lead to
stagnancy".

Surely nobody doubts the integrity of those two senior
economists. Together with younger economists they were the
architects of Indonesia's economy since the beginning of the New
Order era. And considering the progress which the Indonesian
economy has since made, that integrity is also recognized by the
world outside.

In the light of the dynamic developments taking place in the
global economy and trade, the contest to step up efficiency and
competitiveness is sure to continue to increase in both intensity
and fierceness. For this reason it is advisable to accept the
comments which those two senior economists have made as input.

Perhaps the idea offered to turn the Indonesian economy into
one active entity through what is referred to as the "Indonesia
Incorporated" concept in order to achieve optimum competitiveness
at home and outside, could be regarded a superior alternative.

-- Suara Karya, Jakarta