How to destroy an economy

Yes, we wonder at times how this is done. You can influence the game from far, or simply put a hatchet to the bottom of your boat and sink it yourself. It is the second version we will take a look at. To see this, we need to look at facts around the setting. We get “Tourism contributed around US$19.7 billion to GDP in 2019. In 2018, Indonesia received 15.8 million visitors, a growth of 12.5% from last year, and received an average receipt of US$967.” Now Indonesia has a problem, because in 2023 onwards they are about to lose 65% of that. You see Indonesia is wildly popular with Australian students, backpackers and all manner of tourists. With that in mind consider the BBC article (at https://www.bbc.co.uk/news/world-asia-63838213) ‘Indonesia set to punish sex before marriage with jail time’ with the added text “Bambang Wuryanto, a politician involved in the draft, said the code could be passed as early as next week. The law, if passed, would apply to Indonesian citizens and foreigners alike.” And do not trust your travel agent, this will be law in a week, so any hormonal driven teenager with a desire for babes, beaches and (the other B word) will be in serious waters. Prison time will be your share and her too. If you are not married, and in some places living together does not count, they will all be in danger of prison time. Anyone stating that this will not happen is lying to themselves. Rolling the dice on a chance in an Indonesian prison is folly to say the least and as such these people need to find a new destination now. Kuala Lumpur, Singapore, Thailand. These come to mind initially, but there are other destinations. I do not know what drove Indonesia to set this in law and I am not the party with knowledge to criticise that part, but the impact is clear. Millions need to seek another place to stay now and it will cost Indonesia, it is about to cost them a lot. And 50%-65% of $20 billion is at least $10-$13 billion. Indonesia never had that level of leeway to begin with, as such there will be a much larger impact. 

And the game gets a lot more dicey after that considering “The law also allows the parents of unmarried people to report them for having sex”, there have been (allegedly) events where Americans reported the ‘dangers’ to their daughter, but in Indonesia it will have far stretching consequences. I cannot say why it was such a deal to make this law, and I cannot see why it was such an event, but the impact is clear for the foreseeable future that reaches past 2025, Indonesia as a tourist destination will end and that ends their economy to a much larger degree. And the larger stage is set to three words ‘and foreigners alike’ it only took three words to end two decades of tourist growth to waste it all away. What a loss.