Sinking Jakarta is Test Case for Climate Retreat (Deep Dish on Global Affairs, 26 min listen)

(You can listen to the podcast by clicking here)

In this episode, Professor Tom Pepinsky from Cornell University and the Brookings Institution explains Indonesia’s ongoing campaign, led by President Joko Widodo, to move its capital away from Jakarta and the political reactions to this. Located on the low-line areas of the Java Island, Jakarta is facing more storm surges and floods than ever. An increase of population, underdevelopment of infrastructure, and overexploitation of local groundwater, put Jakarta at greater risks as sea levels continue to rise. The Indonesian government therefore decided to de-centralize its administrative functions to the Eastern Kalimantan region. This new capital is effectively moving to a less convenient area to all of the nation’s ethic groups. Pepinsky sees this as a way for Indonesia to emphasize itself as a multicultural country and downplay biases towards any demographic group (a key challenge traditionally faced in Indonesia is the divide between Muslim and religious minorities over the relationship between state and religion in Indonesian politics). Pepinsky finally suggests paying attention to the state of Indonesian democracy, as well as how mobilization in Indonesian politics is used to voice different opinions.

Why does this matter? The proposal to move the Indonesian capital is similar to Brazil’s construction of Brasilia on the Amazon. This brings forward investment opportunities in government-led infrastructure projects and, given the current state of the economy in Indonesia, this could be greatly rewarding. However, it’s also important to pay attention to the socio-political risks that might incur given the current division within the Indonesian society.

Dr. Anas Alhajji: Oil Market Update (Macro Voices, 27 min listen)

September 17, 2019

Louis-Vincent Gave: Last Week’s Dislocation Between Value and Growth (Macro Voices, 18 min listen)

September 17, 2019

The “Liquification” of Private Markets is Underway (Bloomberg Markets P&L, 28 min listen)

September 17, 2019

Narrative Economics (LSE Public Lectures and Events, 78 min listen)

September 17, 2019

The Debt that Never Dies (The Indicator From Planet Money, 9 min listen)

September 17, 2019

Juliette Declercq: What to Expect From the ECB on Thursday (Macro Voices, 16 min listen)

September 10, 2019

Huw van Steenis On What Central Banks Will Do Next (Odd Lots, 32 min listen)

September 10, 2019

Is It Legal? (Talking Politics, 47 min listen)

September 10, 2019

Trade Talks Episode 99: The Surprising Story of the US Trade Deficit with South Korea (Peterson Perspectives, 15 min listen)

September 10, 2019

Gold’s Rise has Just Begun (Macro Voices, 87 min listen)

September 10, 2019

Riksbank Set To Support a Weaker SEK, Steeper Curves (Macro Strategy Views, 21 min listen)

September 3, 2019

Brexit Update: Constitutional Warfare (Podzept – with Deutsche Bank Research, 13 min listen)

September 3, 2019

Danielle DiMartino-Booth and Peter Boockvar on the Future of Monetary Policy (Macro Voices, 62 min listen)

September 3, 2019

100-Year Bonds Could Alter How Rate Risk Is Traded (P&L With Paul Sweeney and Lisa Abramowicz, 32 min listen)

September 3, 2019

What’s Next for Blockchain? (Techtrends, 20 min listen)

September 3, 2019

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

Sign up to the Macro Hive newsletter here:

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up For Our Free Newsletters