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Garuda Rising, Black Swan Waiting: Economic and Political Future of Indonesia

Indonesia’s growing economic and political strengths are drawing a range of responses, from the optimism of many investors to the pessimism of some scholars. In this Presidential Distinguished Lecture, presented at Singapore Management University, Southeast Asia Forum director Donald K. Emmerson offers a balanced view somewhere between these two extremes. His tilt is positive, however: The success of dynamic and democratic Indonesia is not assured, but on balance the garuda's rise is good news not only for Indonesians, but for the larger world as well. 

Emmerson’s lecture draws on data from an April 2011 senior executive survey conducted in Jakarta by the risk management firm CastleAsia (see attached handout).

Video and photos of Dr. Emmerson courtesy Singapore Management University.