Creating a Business-friendly Environment: what makes a city business-friendly?
Business “friendliness”, or “unfriendliness”, is not something that can be easily measured. Yet, Indonesia has the opportunity to develop policies that lay a welcome mat to businesses looking to locate or expand in the region. According to the World Bank, Indonesia has progressed significantly in deregulating its economy as its ranking in the Ease of Doing Business (EODB) index for 2018 has climbed 19 places to 72 from its previous rank of 91. But what elements play into a business-friendly environment, and what conditions offer the most competition for Indonesia in the battle for corporate growths and for existing small and medium-sized enterprises?
During this Global Network Week March 2019, we will explore how the Indonesian government reduces or eliminates restrictions and boundaries in order to improve the ease of doing business. We will discuss how some Indonesian companies have started their business and engage in innovation in product development in their implementation and sharing best practices. This module is most suited for curious students, future entrepreneurs, and people who are interested in entering Indonesian market with endless potential.