Indonesia should not copy the green plans of rich countries
The article says Indonesia should learn from, but not copy, the green industrial policies of the United States and Europe, which aim to bring factories home, depend less on China and protect domestic jobs. It notes that Indonesia faces different conditions, including a 3% GDP budget-deficit limit, a manufacturing share of around 19%, and about 60% of workers in informal jobs. Ahead of the IMF and World Bank annual meetings in Bangkok from 12 to 18 October, it says Indonesia should seek advice and financing for resource-based industrial policy rather than be told to abandon its nickel export ban.
Why it matters: The piece matters for green industrial policy because it examines whether developing countries should adopt rich-country models or design resource-based policies suited to local development needs.