There should be consensus on the long term planning. That is the work of economist, not politician.
Changing of government in Indonesia is not making we change our long term economic planning. The different is only in budget allocation and speed, not the program.
Raw material ban and downstreaming strategy you see in Indonesia for example is strategy made in parliament in 2009 under SBY government where his party is rival to current Jokowi government. The implementation is conducted in phases.
Nothing is stopping the current PDM government from hiring the best economists from around the world and setting an economic agenda, ideal for economic growth. But even the “ruling” PDM (a coalition of nearly all parties except PTI, which is suspicious if not down right conspiratorial) isn’t really in charge. So if the real rulers just make the economic changes, make the PDM facade rubber stamp it, and if the economic changes work, wouldn’t it fix the economy and win them support over IK.
The key issue is, no one is willing to make the economic reforms, because the elite will have to pay more in taxes. IK seems poised to make real structural changes but has no desire to embezzle funds to do it, he seems genuinely interested in building a more respected country that can sit proudly in the comity of nations. That is the source of his support. This is the time to the rulers and IK to negotiate, and at least in the first round of negotiations guarantee in writing elections will be held in October 2023, come hell or high water (unironically).
If Nawaz Sharif had done these changes in the 90s his entire political trajectory and reputation would have been completely different. Same goes for a PPP leader. These parties should welcome IK coming back into power and taking the blame for the hard decisions the nation needs. IK isn’t ruthless, he let Nawaz Sharif go to London on fake medical claims.
Btw, how did Indonesia reset its economic policies?
Secondly, is there a guarantee elections will come in October of this year. In most countries, at least people can say, let’s wait for elections. There is talk of a “caretaker government “ for a few years until IK’s popularity decreases. Anti-democratic policies make people feel they have NO voice, while they have to suffer under one bad policy after another.
