Diagnosing “Dutch Disease” in the Digital Economy: Developmental Dangers of Venture Capital Concentration
Indonesia's digital economy is showing symptoms of "Dutch Disease" - concentrated venture capital flowing into finance and commerce while productive sectors like healthcare and education starve. This pattern isn't unique to Indonesia: across ASEAN and Gulf markets, institutional capital chases late-stage consumption plays while foundational developmental needs go underfunded. Capital abundance alone doesn't guarantee sustainable development.
.JPG)