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 ...