Continuation of ‘Jokowinomics’ Hinges on Next President

The continuity of President Joko Widodo’s long-term policies is one of the main factors to be considered by investors, albeit the incumbent President’s policies are not without its risks.

Emanuel Berkah Caesario

13 Feb 2024 - 19.11
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Continuation of ‘Jokowinomics’ Hinges on Next President

President Joko “Jokowi” Widodo (right) and Defense Minister Prabowo Subianto (left). Presidential Secretariat/BPMI

Bisnis, JAKARTA — The upcoming 2024 presidential election will soon determine whether the economic legacy and policies of President Joko “Joko” Widodo over the past 10 years will continue or not.

This election has sparked public controversy due to dramatic maneuvers among political elites. President Jokowi, who is a cadre of the PDI-P, has unexpectedly thrown his support behind presidential candidate Prabowo Subianto of the Gerindra Party, after his eldest son, Gibran Rakabuming Raka, was declared as Prabowo’s running mate.

This shift in support from Jokowi has caused the electability of the Ganjar Pranowo and Mahfud MD pair, supported by the PDI-P, to plummet. Despite being the frontrunner according to early surveys, Ganjar's electability has now hit its lowest point, even falling below the Anies Baswedan and Muhaimin “Cak Imin” Iskandar pair in the latest survey.

As a pair receiving full support from Jokowi, Prabowo-Gibran firmly express their political vision, which is to continue and refine Jokowi's legacy. Meanwhile, the Anies-Cak Imin pair champions change with a vision that partly contradicts Jokowi's development agenda. On the other hand, the Ganjar-Mahfud pair, while agreeing with most of Jokowi's agenda, intends to improve various existing Jokowi policies.

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Editor: Emanuel Berkah Caesario
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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.