Indonesia’s dangerous return to state-controlled trade

Indonesia’s President Prabowo Subianto has unveiled one of the most consequentialeconomic interventions since the fall of Suharto: a plan to centralize exports of strategiccommodities — including palm oil, coal and ferroalloys — through a state-controlledstructure linked to the sovereign fund Danantara. The official justification is seductive. Indonesia, the government says, has lost hundreds of billions […] The post Indonesia’s dangerous return to state-controlled trade appeared first on...