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Entrepreneurship

Rising to the Reform Challenge: Doing Business in Indonesia

Katerina Leris's picture

Read this post in Bahasa.

Ambitious and fast rising—these words aptly describe modern Indonesia. Amidst a global economic slowdown, Indonesia was the third fastest growing economy among the G-20 for 2009 and it continues to post strong economic growth, at a projected rate of 6.4% for 2012. Improving economic competitiveness by creating a more salutary business climate is one of Indonesia’s national priorities for 2010 to 2014.Like other cities in Indonesia, Banda Aceh has made strides in many areas measured.

Indonesia is walking the talk. Doing Business in Indonesia 2012 launched January 31 in Jakarta, finds  that all 14 cities previously measured in Doing Business in Indonesia 2010 have improved business registration processes over the last two years, while 10 out of 14 cities expedited the approval of construction permits. During his keynote address on the launching of the report, the Minister of State Ministry for Administrative Reforms talked about the cities moving from 'comfort zone' to 'competitive zone'.

The hybrid entrepreneur

Michael Jarvis's picture

Can social entrepreneurs forge a more productive collaboration with corporations that yield development and business benefits? Bill Drayton and Valeria Budinich suggest that they can, as detailed in their article in Harvard Business Review. They introduce the concept of hybrid value chains (HVCs) based around four key criteria – that they create real economic as well as social value, have the potential to go to scale across borders, are profitable and hence sustainable, and offer a basis for new competition.

Inclusive is the new black

Michael Jarvis's picture

One hears less about the base of the pyramid these days. Instead, "inclusive" remains the clear buzzword of choice for now. The recent UN Millennium Development Goals Summit generated a side workshop on Inclusive Business organized by a roll call of organizations. Now IFC is hosting its own event on Inclusive Business Solutions around the IMF/World Bank Annual Meetings this week. The term is pervasive.

Easterly Bait

Ryan Hahn's picture

University World News reports that the world record for the longest lecture has been broken. Errol Tapiwa Muzawazi, a 25-year-old law student, clocked in at 121 hours. (According to the rules, lecturers are allowed to snooze briefly every hour.) Muzawazi narrowly beat an Indian professor who lectured for 120 hours in 2008. His goal? To raise awareness of the Millennium Development Goals.

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