Record Details

Policy Reforms in Indonesia: A Political Economy Perspective

Philippine Review of Economics

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Title Policy Reforms in Indonesia: A Political Economy Perspective
 
Creator Mahid, Abu N. M.
Ikhsan, Mohamad
 
Subject —
 
Description During the 1970s the Indonesian economy grew at a rapid rate. This growth was primarily attributable to the governments oil revenue and massive expansion of public sector in Indonesia. However, the decline in oil price of the 1980s adversely affected the growth and stability of the economy. The government clearly recognized the fact that a restructing of the economy was imperative. The present paper is a critical analysis of this restructing effort. The paper argues that the restructing was initiated with a view to enabling the private sector and non-oil exports to play a greater role in the expansion of employment and income. The reform program began in 1983 with political and economic agenda. The political agenda includes the issues of Pribumism and ethnic diversity and economic nationalism while the economic agenda addressed the privatization initiative, fiscal/monetary policies and trade/ investment policies. The reform process that was initiated by the government was partially successful. This paper argues that the main reason for the reform not being fully successful is the corruption of the bureaucracy and too much political orientation of the policies.
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 1996-06-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/104
 
Source Philippine Review of Economics; Vol 33, No 1 (1996)
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/104/716
 
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