Something Is Wrong With Indonesian Economy | Dark Side of Indonesia’s Economic Boom | The Blueprint

Indonesia is Southeast Asia’s largest economy, boasting a $1.5 trillion GDP and the world’s richest reserves of nickel, the critical metal powering the global electric vehicle revolution. Yet behind high-speed trains and glittering skylines, an economic crisis is unfolding: nearly 10 million people have dropped out of the middle class, traditional manufacturing is collapsing, and foreign investors are pulling billions out of the market. How did a resource-rich economic tiger walk into an industrial trap? In this episode of The Blueprint, we break down: Hilirisasi & The Downstreaming Gamble: Why Indonesia banned raw nickel exports to build domestic smelters, and how it triggered a global price crash. The Chinese Dependency & Geopolitics: Why coal-powered, Chinese-financed processing plants locked Indonesian nickel out of US and European EV tax incentives (like the US IRA). Premature De-Industrialization: Why multi-billion-dollar automated smelters failed to absorb hundreds of thousands of laid-off textile and factory workers across Java. The Looming Fiscal Cliff: How megaprojects like the $30B+ free school meal initiative and the new capital city, Nusantara (IKN), threaten Indonesia’s constitutional 3% budget deficit cap. #Indonesia #Economy #Nickel #Geopolitics #TheBlueprint #EVBattery #Manufacturing #GlobalEconomy #Nusantara --- Indonesia Economy | Indonesia Nickel | Indonesia Economic Crisis | Nickel Downstreaming | Indonesia China Ties | EV Battery Supply Chain | Indonesia Manufacturing | Nusantara Capital | Global Nickel Market | Southeast Asia Economy | Firstpost #indonesia #indonesianeconomy #nickel #evbattery #geopolitics #china #manufacturing #nusantara #globaleconomy #theblueprint #firstpost Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live.    / @firstpost   Follow Firstpost on Website: https://www.firstpost.com Follow Firstpost on Instagram:   / firstpost   Follow Firstpost on Facebook:   / firstpostin   Follow Firstpost on X:   / firstpost   Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029...