All indications suggest a seamless transition of power in Indonesia, with Prabowo Subianto set to become the next president, emphasizing continuity in economic and foreign policy akin to outgoing leader Joko Widodo. While this consistency might reassure, it could overlook key economic issues in Southeast Asia’s largest economy, a crucial geopolitical player due to its supply of over a quarter of the world’s minerals amidst the US-China influence contest. Prabowo plans to maintain growth and boost Indonesia’s global stature, backed by his landslide election victory alongside vice president Gibran Rakabuming Raka, Widodo’s son.
Finance Minister Sri Mulyani Indrawati’s potential cabinet role could enhance credibility and attract investor confidence. Indonesia’s challenges include high youth unemployment and a restrictive investment climate. Prabowo’s presidency begins on October 20, with his administration targeting economic growth and focusing on initiatives like a school meals program to address child malnutrition.
On the foreign policy front, Prabowo inherits a complex landscape amid rising geopolitical tensions. As the world’s largest nickel producer, Indonesia’s resources remain highly sought after by the US and China. His initial state visits to Beijing and Japan underline Indonesia’s strategic independence. Balancing these superpower relationships while leveraging his improved international status will be critical. Prabowo has the opportunity to advance Indonesia’s standing as a formidable global presence, building on the foundation laid by Jokowi, and must seize this moment to fulfill the nation’s potential.
Original Story https://www.livemint.com/news/indonesias-new-president-will-keep-the-world-guessing-11729028169604.html
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