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Some conversations are in Indonesian. Watch with English subtitles.
Southeast Asia needs to create a new political economy that prioritizes financial inclusion, investment attraction, marginal productivity, trade expansion, political stability, and talented leaders in order to more effectively attract the vast monetary capital circulating in today’s global market.
For this new political economy to flourish in Southeast Asia, the distribution of power and other essential public goods will not be effective without the meritocratic selection of talent for positions of leadership and governance-a fundamental dimension of robust liberal democracies. More monetary capital through foreign direct investment (FDI), borrowing, and trade will allow Southeast Asian governments to bolster their domestic liberal democratic systems-enhancing their rule of law, transparency, ease of doing business, and political stability.
#Endgame #GitaWirjawan #MoneyMatters
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Foreign Direct Investment
00:00 - Precondition of Economic Prosperity
02:53 - Key Metric of Success
04:27 - How Money Flows
Marginal Productivity
07:20 - Why Productivity Matters?
10:45 - Role of Science & Technology
15:23 - Southeast Asia's Fundamental Issues
Leadership: Talent vs. Power
19:14 - In the Absence of Talented Leaders
22:31- Meritocracy vs. Clientelism
25:34 - Intellectualization vs. Festivalization
27:02 - Importance of Institutionalizaion