This was a comprehensive look at a number of developing countries and how their economies are changing. All over the world, from Mexico to Indonesia, Vietnam to Jamaica, there are fascinating growth stories playing out and interesting companies emerging. This series of articles has attempted to tell some of their stories.
For us based in Australia, the most interesting story is Indonesia. The fourth largest country on Earth measured by population, with supportive age demographics, blessed with natural resources, right on Australia’s doorstep. It is a story we should be paying attention to.
Indonesia’s GDP per capita has already risen 160% since 1990 and it is looking to take its natural resources – in particular nickel, a key component in batteries – and build an onshore green manufacturing capacity. Late last year there was reporting that Indonesia was supporting an OPEC-style cartel for battery metals. There are going to be huge winners out of the world’s shift to a renewable energy economy. Indonesia has ambitions to be one of them.
This is an excerpt from our Thought Starters email. Once a week we send you 5 interesting articles that have caught our attention, to get you thinking. No spam, we guarantee.