Indonesia's failure to develop its manufacturing export sector has resulted in a lucky side effect. While its Asian neighbours have suffered severe contractions in growth, the regional giant's dependence on domestic consumption and long-term global demand for its natural resources has maintained its economic engine in working order. And anti-corruption measures and signs of improved corporate governance are forcing a reassessment of its place in investor's portfolios.
It is no exaggeration to say that Indonesia has joined the Bric countries Brazil, Russia, India and China as an attractive destination for investment and its potential for growth and higher living standards. Increasingly, I now talk about the Brici countries, said Sarah-Jane Wagg, president director...
