Business · Fortune Technology
Indonesia has already demonstrated that policy can shift its role in the global economy
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Until recently, the country exported raw nickel while most of the value creation occurred abroad.
Key facts
- The reporter was only 23 years old working as an investment banking analyst in Singapore when the opening salvos of the 2003 Iraq War unfolded
- The writer is Chief Investment Officer of Danantara Investment Management
- From Jakarta, the war with Iran does not look like a distant geopolitical event
- What Indonesia needs right now is not more studies confirming their potential
Summary
The reporter was only 23 years old working as an investment banking analyst in Singapore when the opening salvos of the 2003 Iraq War unfolded. The war felt far away then—an abstraction to analyze—its consequences filtered through spreadsheets and financial models. Today, that distance has collapsed. From Jakarta, the war with Iran does not look like a distant geopolitical event. Yet it is precisely in navigating this complexity that Indonesia holds a strategic advantage: with its resource endowment, growing industrial base, and pragmatic approach to global partnerships, the country is well positioned not to withstand these pressures, but to translate them into long-term economic strength.