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Indonesia is the world's largest archipelagic state. In 2001 it embarked on a "big bang" decentralization involving a major transfer of administrative, political and financialÂauthority to its districts, now numbering more than 500. Together with the rapid transition from authoritarian to democratic rule in the late 1990s, this initiative has transformed theÂcountry's political, social and business life. While national government is the major areaÂof contestation, power has shifted irreversib
Few countries have experienced such sharply fluctuating fortunes as Indonesia. This book offers a balanced analysis, evaluation and explanation of Indonesia's economic performance, from 1967. Hal Hill highlights Indonesia's successes during this period - rapid industrialisation, major achievements in the food crop sector and the adoption, from the mid-1980s, of outward-looking policies. He also draws attention to the challenges facing the country, including the rocky path towards economic reform, the large external debt, regional and ethnic disparities, and the need for a transparent and predictable policy environment. In this second edition, an extended postscript takes the story through the dramatic turnaround and political and economic crises since 1997, including the downfall of Soeharto
Cover -- Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface and Acknowledgements to the First Edition -- Preface and Acknowledgements to the Second Edition -- Glossary and Abbreviations -- Maps -- Introduction -- Prelude: A 1960s Basket Case -- Indonesia-Then and Now -- Indonesia's Performance in Comparative Perspective -- Outline of this Book -- An Overview of Economic Development Since 1966 -- Rapid Growth -- Episodes in Economic Policy and Development -- Investment and Efficiency -- Rapid Structural Change -- Rapid Technological Change -- Some Qualifications -- Money and Finance -- An Overview -- Inflation and Money Supply -- The 1980s Reforms -- A Stock Take -- Fiscal Policy -- An Overview -- Revenue -- Expenditure -- The Balanced Budget Rule -- A Summing Up -- International Dimensions -- An Overview -- The Balance of Payments -- External Debt -- Exchange Rate Management -- Foreign Investment -- Foreign Aid -- Structural Adjustment and the Export Boom, 1985 to the Present -- Shifting Regional Patterns of International Commerce -- The State and Public Policy: Ideology and Intervention -- An Overview -- Intervention I: Ownership Issues -- Intervention II: Trade and Regulatory Policies -- Public Administration and Corruption -- Agricultural Modernization -- An Overview -- Food Crops -- Cash Crops -- Natural Resource Management -- The Future Agenda -- The Industrial Transformation -- Manufacturing Industry -- The Mining Industry -- The Services Revolution -- An Overview -- Physical Infrastructure and Transport -- Tourism -- Financial Services -- Poverty, Inequality and Social Progress -- Poverty and Inequality -- Nutritional Standards -- Trends in Wages -- Education and Health -- The Regional Dimension: Patterns and Issues -- The Importance of the Region in Indonesia -- Patterns of Regional Development.
As the 1998 annual World Bank assessment soberly observed: "No country in recent history, let alone one the size of Indonesia, has ever suffered such a dramatic reversal of fortune." Since the middle of 1997, we have witnessed momentous and tragic events in Indonesia. Nobody foresaw the events, and many ordinary Indonesians have experienced a substantial decline in their living standards. This book describes and analyzes Indonesia s most serious economic crisis against the general backdrop of economic decline in Southeast Asia. It also looks to the future, considering Indonesia's immediate policy challenges to overcome the crisis and dwelling on some of the key longer-term policy challenges raised by the crisis
World Affairs Online
In: Economics Division working papers
In: Southeast Asia 93/4
In: Documents de travail 67
In: East Asian social science monographs
World Affairs Online
In: Working papers in trade and development 88,1
In: The Philippine review of economics: a joint publication of the University of the Philippines, School of Economics and the Philippine Economic Society, Band 61, Heft 2, S. 82-84
n.a.
In: Asian Development Review 38:1
SSRN