09 June 2016 at 22:41 GMT
Nikkei Asian Review
About 19 months into President Joko Widodo's term, improvements to the country's creaking infrastructure and other reforms are finally beginning to bear fruit. Since last September, the Widodo administration has announced 12 reform packages covering 203 business regulations, including licensing, tax, subsidies, wages and energy. Indonesia's “demographic dividend” – in which the falling birthrate rapidly expands the working-age population relative to the number of elderly and children – is only expected to last 10 to 15 years. It therefore must accelerate the growth of a diverse business base and raise productivity, through more investment and further reforms. Assuming Widodo wins a second term through 2024, the changes he makes over the next eight years will define the nation's wellbeing for generations.
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