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Author: Andrew Rosser Publisher: Routledge ISBN: 1136855793 Category : Social Science Languages : en Pages : 256
Book Description
This book examines the dynamics shaping the economic process of economic liberalisation in Indonesia since the mid-1980's. Much writing on the process of economic liberalisation in developing countries views economic liberalisation as the victory of economic rationality over political and social interests. In contrast, this book argues that economic liberalisation should not be understood in these terms, but rather in the way that political social interests shape processes of economic reform in both a positive and negative sense. Specifically, Rosser argues that economic liberalisation needs to be understood in terms of the extent to which economic crises shift the balance of power and influence within society away from coalitions opposed to reform and towards those in favour of reform. In the Indonesian context, the main coalitions that need to be examined in this respect are the politico-bureaucrats and the conglomerates who have generally opposed reform and mobile capitalists who have generally supported reform. Based on extensive original research, and providing much new material, the book considers the politics of economic policy-making in Indonesia in a range of sectors including the capital market, intellectual property law, the banking industry, and the trade and investment sectors. Analysing why the nature of economic policy in Indonesia has varied over time, this study argues that there is nothing inevitable about a transition to a fully-fledged liberal market order in Indonesia, and outlines possible future scenarios for the country's political economy.
Author: Farrukh Iqbal Publisher: Bloomsbury Publishing USA ISBN: 0313006857 Category : Business & Economics Languages : en Pages : 215
Book Description
Of the developing nations of East Asia, Indonesia came relatively late to liberalizing its trade and investment regime. Only in the mid-1980s, when it was clear that oil revenues alone would not suffice and that a new engine of growth was needed, did the country's government swing behind a systematic deregulation effort. Tariffs were cut, non-tariff barriers were lowered, foreign investment restrictions were reduced, export promotion incentives were enhanced, and various financial sector regulations were eased. All this combined to spark a labor-intensive export-led economic boom that was accompanied by an expansion in wages and employment and a boost in productivity. This book documents how Indonesia truly became part of the East Asian miracle story starting in the mid-1980s. Destined to become a leading case study of export-led development in Indonesia, this book grew out of a World Bank/Indonesian Economic Society Symposium held in Jakarta. There was, however, a parallel story as well, of crony capitalism and weak governance, that led to the financial and political crisis of 1997-98. These aspects were reflected in continued protection of certain sectors where the cronies were active, in restrictions on domestic trade and competition that were left in place for their benefit, and in financial manipulations that were conducted to their advantage. These aspects are noted as well in the book and pulled together in the concluding chapter, which takes the story up through the crisis years to the present.
Author: Richard Robison Publisher: Psychology Press ISBN: 0415332532 Category : Business and politics Languages : en Pages : 325
Book Description
A new and distinctive analysis of the dramatic fall of Soeharto, the last of the great Cold-War capitalist dictators, and of the struggles that reshape the institutions and systems of power and wealth in Indonesia.
Author: Vedi Hadiz Publisher: Routledge ISBN: 113482484X Category : Social Science Languages : en Pages : 268
Book Description
Despite increased Western interest in Indonesian economic growth, domestic interpretations remain largely unknown outside Indonesia and have rarely been available in English. Translating key speeches and articles from the political debates surrounding Indonesian economic development, the authors present and analyse trends in development thinking by leading Indonesian figures over the last thirty years.
Author: Donald K. Emmerson Publisher: M.E. Sharpe ISBN: 9781563248894 Category : Business & Economics Languages : en Pages : 432
Book Description
Surveys in detail the most significant problems now facing Indonesia, raises vital issues for further investigation, and analyzes the results of the 1999 election.
Author: M. Ramesh Publisher: Edward Elgar Publishing ISBN: 1847201806 Category : Political Science Languages : en Pages : 265
Book Description
. . . an extremely interesting collection, full of insights and institutional detail. . . The book definitely deserves the attention of those interested in one of the most debated issues of the last 20 years in economics and political science. Herb Thompson, Journal of Contemporary Asia Deregulation and its Discontents examines the different ways in which the issues related to deregulation and reregulation have been addressed in Asia. The role of government in business has gone through distinct, if overlapping, cycles: regulation, deregulation and reregulation. However, little is known about deregulation and even less about reregulation, particularly in relation to Asia. The contributors to this book examine the links between the cycles through detvailed analyses of the electricity market, pensions and stock markets in the Asia Pacific. They also offer an explanation of regulatory cycles. This unique and inter-disciplinary book is thoroughly accessible and will be suitable for specialist as well as non-specialist readers. It will appeal to academics and researchers of public sector economics, Asian studies and the political economy of Asia in particular as well as public officials dealing with regulatory issues.