Thursday, January 22, 2009

growing against the current

An economist tells The Jakarta Globe that small and medium sized enterprises in Indonesia will likely do well in current global economic conditions because of their flexibility as part of the nation’s huge informal economy, which accounts for about 80 percent of the country's total economy. One-quarter of those businesses, according to a recent survey, are planning for growth and will invest in their businesses this year.

I make much the same point, in a recent Q&A with New American Media.

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