Something Is Wrong With Indonesian Economy | Dark Side of Indonesia’s Economic Boom | The Blueprint

#finance
#financement

In this episode of The Blueprint, we break down:

Hilirisasi & The Downstreaming Gamble: Why Indonesia banned raw nickel exports to build domestic smelters, and how it triggered a global price crash.

The Chinese Dependency & Geopolitics: Why coal-powered, Chinese-financed processing plants locked Indonesian nickel out of US and European EV tax incentives (like the US IRA).
Premature De-Industrialization: Why multi-billion-dollar automated smelters failed to absorb hundreds of thousands of laid-off textile and factory workers across Java.
The Looming Fiscal Cliff: How megaprojects like the $30B+ free school meal initiative and the new capital city, Nusantara (IKN), threaten Indonesia’s constitutional 3% budget deficit cap.