Word: labor
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...economists contend that Indonesia's performance could match that of India and China if Yudhoyono presses reforms further. The most damaging, and most politically sensitive, issue dampening investment is the nation's oppressive labor law. Passed in 2003, it requires companies to get government approval to lay off staff and mandates heavy severance payments. The stipulations were a misguided attempt to protect local workers that instead has made Indonesia uncompetitive in the kinds of labor-intensive industries - like textiles and footwear manufacturing - that could help reduce the country's lofty unemployment rate, currently at about 8.5%. Political analysts complain that...
...reconcile conflicting laws. "We have to make regional governments aware that their regulations must comply with the higher regulations," says Purnomo, the mineral-resources minister. Indonesia also has to further liberalize its economy to encourage greater investment from both foreign and local enterprises, by, for example, loosening up the labor market and lifting remaining restrictions on foreign investment in certain sectors, such as transport and telecom...
...that the world is moving faster." Real progress can come only if there is a national consensus to make economic development a priority. And in the country's fractious political environment, not everyone is willing to take the politically uncomfortable steps to achieve high growth, such as scaling back labor rights and encouraging foreign investment...
...Department of Agriculture has cited Postville-based Agriprocessors Inc.--a kosher slaughterhouse targeted in a huge immigration raid in May--for improper slaughter, on the basis of video evidence (above) supplied by PETA. The Iowa attorney general has also charged the company with more than 9,000 child-labor-law violations, alleging it had hired children as young as 14. Agriprocessors denied the allegations...
...cost-effective and sustainable approach was to partner with and bolster existing businesses instead. "It's important for people not just to get handouts of food but to work. We showed you could do it," says Arthur Keys, 63, a minister in the United Church of Christ and former labor-union organizer who eventually started his own business advising nonprofits on how to obtain grants. He founded...