Indonesia's Export Control Gamble: A Recipe for Global Market Volatility? The Indonesian government's plans to tighten control over commodity exports have sent shockwaves through global markets.
President Prabowo Subianto has announced measures to shore up state revenue and bolster a plummeting rupiah, including the creation of a new entity to manage exports.
Indonesia is not alone in seeking quick fixes for its economic woes. Many developing economies have pursued emergency measures to stabilize their economies, often with mixed results.