Time to shake up Asia’s sleepy monopolies
The cosy links between politics and business impose large costs on a dynamic region
IN HIS INAUGURAL address as Indonesia’s new president on October 20th, Prabowo Subianto, a 73-year-old former general, vaunted his country’s consensual model of politics as something to be proud of. His vice-president, Gibran Rakabuming Raka, is the son of Joko Widodo, his predecessor, and he has assembled a huge cabinet that incorporates a wide range of business families.
This article appeared in the Leaders section of the print edition under the headline “Making business roar ”
From the October 26th 2024 edition
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