000			03282nam a2200361 i 4500
001			CR9789814786409
003			UkCbUP
005			20240919200845.0
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007			cr||||||||||||
008			190207s2017||||si o ||1 0|eng|d
020			_a9789814786409 (ebook)
020			_z9789814786393 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
043			_aa-io---
050		4	_aHC448.B38 _bH98 2017
082	0	4	_a338.9598 _223
100	1		_aHutchinson, Francis E., _eauthor.
245	1	0	_aRowing against the tide? : _bBatam's economic fortunes in today's Indonesia / _cFrancis E. Hutchinson.
264		1	_aSingapore : _bISEAS-Yusof Ishak Institute, _c2017.
300			_a1 online resource (37 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aTrends in Southeast Asia ; _v2017 no. 8
500			_aTitle from publisher's bibliographic system (viewed on 21 Mar 2019).
520			_aDespite its good infrastructure and proximity to Singapore, Batam's economic performance has taken a turn for the worse, with declining levels of foreign direct investment (FDI) and exports. Well-known firms in the electronics sector have closed shop, the shipping industry is in the doldrums, and unemployment rates have begun to climb. The environment for business is not as conducive as it used to be, with bureaucratic overlaps, persistent red tape, and shortages of land for investors. And, rather than seeking to attract large-scale investments in manufacturing or services, government campaigns have focussed on traditional economic activities such as fishing and farming. There are three reasons for this state of affairs. First, Indonesia's decentralization reforms have made doing business in Batam much more complicated than it used to be. Rather than dealing with one all-powerful central government agency, investors need to deal with three levels of government -- each with veto power. Second, Batam's economic transformation over the past quarter-century has attracted large numbers of migrants from other parts of the country. This has engendered a cultural sub-nationalist movement, which has sought to protect local interests and identities -- to the detriment of the economy. Third, structural changes in Indonesia's economy and changing corporate strategies have meant that investment into the country seeks to tap its domestic market -- as opposed to producing for export. In this context, Batam is not a viable destination due to its distance from large population centres, bad connectivity, high labour costs, and unattractive tax framework. While recent measures have sought to reduce red tape, fight corruption, and improve the island's infrastructure, it is possible that Batam needs to re-orient its business model away from producing for export and towards enabling firms on the island to also cater to Indonesia's burgeoning domestic consumer base.
651		0	_aBatam (Indonesia) _xEconomic conditions.
776	0	8	_iPrint version: _z9789814786393
830		0	_aTrends in Southeast Asia ; _v2017 no. 8.
856	4	0	_uhttps://www.cambridge.org/core/product/identifier/9789814786409/type/BOOK
942			_2ddc _cEB
999			_c9544 _d9544