Indonesia has made significant economic progress over the last several years, propelling itself from one of the “fragile five” economies, as named by Morgan Stanley in 2013, to the 10th largest global economy in terms of purchasing power parity. As the country recovers from impacts of the pandemic and builds its economy, Indonesia aims to further grow its knowledge-based economy and reduce its reliance on natural resources.
While the global community continues to recover from the devastating health and economic impacts of the COVID-19 pandemic, other infectious diseases continue to emerge. To meet those challenges, Indonesia has placed great emphasis on creating a resilient healthcare ecosystem. One key step Indonesia can take is to make changes to its patent law in 2023 that support timely access to new medicines and would also bolster the nation’s economy.
At the beginning of his second term, President Joko Widodo’s ambitious plans to reform the economy and state bureaucracy were put on hold to manage the unprecedented public health and economic crisis posed by the COVID-19 pandemic. But now Widodo and his government need a post-COVID road map to drive Indonesia towards a new generation of
Ensuring access to new technologies and medicines in Indonesia will require a variety of reforms, including remedying significant deficiencies with Indonesia’s Patent Law. Indonesia’s patent system poses significant barriers at every step of seeking, receiving, and enforcing intellectual property (IP) rights. Challenges include restrictive patentability criteria, lack of mechanisms to compensate for undue delays in the patent examination and regulatory approval processes, absence of regulatory data protection, and support for compulsory licensing.
Explore the Countries
Indonesia has achieved significant health milestones, but rising rates of NCDs bring new challenges.
Malaysia can attract new foreign investment and improve health outcomes by better protecting innovation and reducing bureaucratic delays.
Increasing public-private partnerships in the Philippines will bring health care innovation to a rapidly growing population
Health care is poised to become a major economic driver in Thailand in the coming years.
The success of Singapore’s health care system can be attributed to strong policies and an integrated health system.