English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

Indonesia is a net debtor country, meaning typically more investment flows into Indonesia than goes out. This is an important driver of growth, but can also create strategic and economic liabilities as foreign creditors establish claims on Indonesian assets. This paper uses the concept of defensive economic statecraft to explain how the Indonesian state has taken actions to mitigate these vulnerabilities by deepening domestic capital markets, accumulating foreign exchange reserves, intermediating inflows through SOEs and forcing investment into strategic sectors. Although foreign investment involves risks and trade-offs, this paper analyzes some of the mechanisms by which net debtor countries like Indonesia can mitigate such risks.

The Indonesian state and the strategic use of foreign capital