Chindia

Chindonesia

Posted by Gabriella Stern on May 03, 2009
Asia-Pacific, Australia, China, Economy, India, Indonesia / Comments Off

Nicholas Cashmore of CLSA coins ”Chindonesia” – China, India and Indonesia being “Asia’s next growth triangle.” It’s about time financial analysts and other pundits started recognizing Indonesia’s potential: Convincing political stability borne out  by the recent elections; abundant, diverse natural resources demanded by “Chindia,” among others; a rising middle class=increasing domestic demand. Private- and public-sector corruption remains a problem, but watch for political and legal discipline to bring it under control; some say the situation’s already improving. Cashmore writes: “High (and growing) public debt levels and poor demographic structures in western economies mean economic growth will be lower for longer and the focus of attention will shift further east.” After reciting a litany of Indonesia’s virtues, he remembers Australia and its natural resources trove:  “Australia is a dominant supplier” to rest-of-world. “Could the group be expanded to 4? Chindoralia?” Continue reading…

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