Indonesia protectionist policy to draw investment misguided: Economists

Apple CEO Tim Cook (center) speaking alongside Indonesian Minister of Communication and Information Budi Arie Setiadi (right) and Indonesian Minister of Industry Agus Gumiwang Kartasasmita during a press conference after meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Bay Ismoyo | Afp | Getty Images
Indonesia’s efforts to attract capital from Apple and other tech companies through local investment and manufacturing requirements are not enough to yield long-term gains and may backfire, economists warn. Because of Indonesia’s long-standing local content policies, or