As someone living in Indonesia for almost 4 years from the US and no plans to leave any time soon, and having learned a lot of the realities on the ground and in the political scene:
- Indonesian's will never let the Chinese run over them like they have, like for instance, Sri Lanka, etc. Sure, they will buy cheap Chinese goods begrudgingly when something else better may be priced out of their range, but make no mistake, the government will continue to sink Chinese fishing boats encroaching into their waters and the people, if called upon within their religious communities (esp from groups like FPI which has fringe connections to not only the fmr general under the 30 years president [and some US 3 letter agencies through him]), many will go to every suspected Chinese house/business) and rob/steal/rape and kill (1960's and 1990's).
- In Indonesia, this is very much not the case how they perceive western governments (or people), though they very much want to pursue what is best for them on their own terms but the political establishment understands that needs to come from an economic standpoint first and foremost. One way they do this now is by managing foreign denominated liabilities through strict import policies.
If you haven't noticed, major manufactures in the world over the past 20 years have been increasing their operations in Indonesia…
Cant speak for India, but the biggest tail risk for any Indonesian government is the lack of ability to bring some of the economic wealth from the bigger cities and tourist attractions to those places that lack it because there are some pretty big logistical challenges with all of the islands and lack of incentives (outside of the gov partnerships with some western companies for natural resource extraction) for big corporate and political parties alike (they like to show up during elections and disappear until the next one) to do anything sustainable.
- Indonesian's will never let the Chinese run over them like they have, like for instance, Sri Lanka, etc. Sure, they will buy cheap Chinese goods begrudgingly when something else better may be priced out of their range, but make no mistake, the government will continue to sink Chinese fishing boats encroaching into their waters and the people, if called upon within their religious communities (esp from groups like FPI which has fringe connections to not only the fmr general under the 30 years president [and some US 3 letter agencies through him]), many will go to every suspected Chinese house/business) and rob/steal/rape and kill (1960's and 1990's).
- In Indonesia, this is very much not the case how they perceive western governments (or people), though they very much want to pursue what is best for them on their own terms but the political establishment understands that needs to come from an economic standpoint first and foremost. One way they do this now is by managing foreign denominated liabilities through strict import policies.
If you haven't noticed, major manufactures in the world over the past 20 years have been increasing their operations in Indonesia…
Cant speak for India, but the biggest tail risk for any Indonesian government is the lack of ability to bring some of the economic wealth from the bigger cities and tourist attractions to those places that lack it because there are some pretty big logistical challenges with all of the islands and lack of incentives (outside of the gov partnerships with some western companies for natural resource extraction) for big corporate and political parties alike (they like to show up during elections and disappear until the next one) to do anything sustainable.