Jokowi Points to Taiwan, South Korea as Models in Rebuke of West

Indonesian President Joko Widodo said his nation won’t follow a purely open economic model that he blamed for undercutting Latin America’s growth prospects for decades, saying Taiwan and South Korea show the advantage of making the world dependent on them.

Speaking to a business forum in Jakarta on Friday, Widodo said the most industrialized economies in Asia found an alternative way to achieve high-income status that he wants Indonesia to follow. He cited Taiwan’s success in developing its semiconductor chip industry and South Korea’s emphasis on digital hardware.