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