Theo F. Toemion:“Don’t rely too much on textbooks for the cure”

PT Sony Indonesia’s decision to relocate to another country has dealt a deadly blow to the reeling Indonesian investment sector. Prospects are grim: an increasingly battered economy, shrinking tax earnings, a gloomy business environment, higher unemployment rates. Top that with socio-economic and political turmoil looming large, and the picture looks really grim.

Megawati’s administration well understands these causes and effects. At

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