OECD Investment Policy Reviews: Indonesia 2010
OECD Investment Policy Reviews: Indonesia charts Indonesia’s progress in developing
an effective policy framework to promote investment for development. It focuses on
policies towards investment, competition, infrastructure, finance and other areas
of the business environment and suggests ways the climate for both domestic and foreign
investment might be further improved.
It finds that Indonesia has undertaken a decade of political and economic reform,
under very difficult circumstances. Democracy is now firmly established, and the economy
is growing at a steady pace in spite of the global financial crisis. Reforms over
the past decade have done much to improve the resilience of the Indonesian economy,
and the government has made substantial progress in creating a better climate for
investment. New laws have been enacted in almost all sectors, and new institutions
have been created to advise the government, implement and enforce laws, regulate newly
liberalised sectors and settle disputes.
Foreign investors have taken notice. Foreign direct investment in Indonesia in the
past five years has exceeded the earlier peak achieved in 1996, before the Asian financial
crisis in 1997-98 brought economic contraction and net outflows of foreign investment.
This investment is also becoming increasingly diversified by sector and by country
of investor.
Published on November 01, 2010
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