Given all this, it is hard for me to take a firm policy on exchange flexibility, and I have some sympathy for the apparent open-mindedness of the IMF on the issue. Will these solutions be enough? Who knows. But I think we all have a stake in making the world capital system work better.
In my view, there is a key policy that should be a priority, namely human capital reforms. This would be a crucial precondition to elevate Indonesian economy to knowledge based-economy of 21st century. Human capital reforms could be initiate by a simple yet fundamental initiative on health and education. 93.