The same geniuses at a venerable investment bank who came up with the acronym BRIC have recently come up with Chindonesia, slightly shuffling the countries that are considered the coming economic powerhouses. The fresh word drops Brazil and Russia in favor of Indonesia. Brazil and Russia, whose growth has been in a large part due to natural resources and the commodities boom, are also similar in that they have previously both had more economic heft, especially in the case of Russia, than they do today. Indonesia fits much better with the stories of China and India — a country with a huge population and a low starting per capita GDP located in Asia. Indonesia is the fourth largest country in the world by population. Its economic growth is only surpassed by India and China amongst large countries, and it has recently found itself much more politically stable than previously.
The Economist recently ran a special feature about Indonesia, and points to four reasons why Indonesia will prosper, which can be summed into two: (1) demographics and (2) government.