Economist Podcasts Get-rich-quick scheming: India and Indonesia
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Apr 3, 2023 
Avantika Chilkoti, an International correspondent for The Economist, alongside Eleanor Whitehead, Australia's correspondent, dives into the fast-growing economies of India and Indonesia. They explore how these nations are reshaping their economic strategies amid global tensions, focusing on IT services and resource-based manufacturing. The conversation also highlights Australia's environmental crisis, particularly the Darling River and its urgent need for management. Additionally, the complexities of seizing luxury yachts owned by Russian oligarchs spark a discussion on the intersection of wealth and political accountability.
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New Growth Models Needed
- Traditional growth models for developing countries may not work today.
- Globalization is slowing, automation is rising, and the service sector is dominant.
India and Indonesia's Importance
- India and Indonesia are the fastest-growing large economies.
- They are crucial commercially and strategically, offering lessons for other emerging markets.
Differing Approaches
- India focuses on IT services, leveraging its engineering graduates and English speakers.
- Indonesia emphasizes commodities like nickel, crucial for the green transition.