Indonesia’s interventionist presidency and its looming crisis of economic confidence

(East Asia Forum) Indonesia’s mounting economic challenges are testing whether President Prabowo Subianto’s statist vision can deliver prosperity or merely deepen investor concerns. Growing pressure on the rupiah, public finances and foreign investment is exposing the risks of increasingly interventionist policies and resource nationalism. Unless confidence in economic management improves, Prabowo may find that efforts to strengthen Indonesia’s sovereignty ultimately undermine the growth and international credibility needed to sustain it. – Indonesia’s interventionist presidency and its looming crisis of economic confidence | East Asia Forum