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This volume is a collection of chapters on the Indonesian economy under Abdurrahman Wahid (popularly known as Gus Dur). Contributions come from many leading Indonesian commentators and practitioners of the past and present, and there are also chapters from representatives of international assistance agencies. The authors provide a mid-term assessment of the challenges facing Indonesia's economic development and suggestions for future directions. The themes covered are, inter alia, overall political and macroeconomic stability, bank and corporate restructuring, decentralization, corruption, and socio-economic trends. This book will be of interest to those wishing to assess the varying perspectives held by Indonesian officials and commentators, officials from multilateral agencies, and academics, in a single volume.
This volume is a collection of chapters on the Indonesian economy under Abdurrahman Wahid (popularly known as Gus Dur). Contributions come from many leading Indonesian commentators and practitioners of the past and present, and there are also chapters from representatives of international assistance agencies. The authors provide a mid-term assessment of the challenges facing Indonesia's economic development and suggestions for future directions. The themes covered are, inter alia, overall political and macroeconomic stability, bank and corporate restructuring, decentralization, corruption, and socio-economic trends. This book will be of interest to those wishing to assess the varying perspectives held by Indonesian officials and commentators, officials from multilateral agencies, and academics, in a single volume.
This book examines the role of Islamic identity in Indonesia’s foreign economic relations and in its engagement with the world order. There is no single expression of Islam in Indonesia, the politics espoused by Islamic parties and organizations are far from monolithic. Islamic sentiment has been invoked by the state to justify heinous acts of brutality, as well as by violent, subnational revolutionary groups. However, these expressions of Islam have deviated from the dominant narrative, which is in favour of international cooperation and economic development.
"Indonesia is one of the few countries that came through the global economic crisis in 2008-09 with positive economic growth. Despite some recorded positive domestic economic performances, Indonesia faces new challenges as its economy keeps growing and the global economy remains uncertain. A new economic development paradigm is needed to overcome old problems (poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions) with global market opportunities. This book provides a new perspective on how Indonesian’s economic policies should be developed by considering its past and future challenges." - Firmanzah, Professor of Economics and Dean of Faculty of Economics, University of Indonesia "Aris Ananta, Muljana Soekarni and Sjamsul Arifin gather excellent researchers and practitioners to discuss important economic policy issues for Indonesia today. They discuss monetary and fiscal policies and real economic sector issues based not only on theoretical analysis but also on their day-to-day experience in economic management. By reviewing Indonesia's economic policy reform and subsequent Asian financial crisis and sub-prime loan crisis, the authors present a new economic development paradigm and explore economic strategy and policies for the new era. The book offers many timely lessons from history, as well as the real policy experiences of the authors, and guides readers in exploring economic policies under the globalized world economy. This book is very useful for both practitioners and researchers." - Masaaki Komatsu, Professor of Economics, Hiroshima University
Managing Indonesia''s Transformation: An Oral History is an account of Ginandjar Kartasasmita''s career in the Indonesian government, both under President Suharto and in the post-Suharto era. Based on all the ministerial positions in which Kartasasmita has served the government, the book provides readers candid insights into the domestic and international political and economic contexts in which decisions were made, and how policies were formulated and implemented in Indonesia.The book contains many hours of interviews in which the author responds OCo as frankly as he can OCo to all sorts of questions from a group of scholars and specialists working on Indonesian politics and political economy, with the understanding that the book is for those who want to understand Indonesian politics, both past and present.
An analysis of the 1999 Indonesian general election and subsequent presidential election in the context of Indonesian elections and politics. The book highlights major characteristics of Indonesian society and culture which affect electoral behaviour, namely ethnicity, regionalism and religion.
The book focuses on the impact of the 1997-99 economic crisis on human development in Indonesia, especially in 1998, its worst year. Based on the definition used by the UNDP, human development is analysed as covering human capital (education and health) and purchasing power. In this book, the concept of human capital is broadened to include freedom from fear, health, education, and migration. The first part of the book discusses the economic situation in Indonesia. The second elaborates on what happened to human capital during the crisis and the third part examines its effects on purchasing power. Because human development does not occur in a vacuum, the fourth part discusses some emerging issues in Indonesia. The book concludes with some thoughts on people-centred development, which may contribute to more sustainable development than the development concept that simply pursues high economic growth. With this people-centred development, growth rates of about 3 to 4 per cent are adequate, as long as Indonesia achieves success in human development.
By any indicator, Indonesia, the fourth most populous nation on earth, is a development success story. Yet 20 years after a deep economic and political crisis, it is still in some respects an economy in transition. The country recovered from the 1997–98 crisis and navigated the path from authoritarian to democratic rule surprisingly quickly and smoothly. It survived the 2008–09 global financial crisis and the end of the China-driven commodity super boom in 2014 with little difficulty. It is now embarking on its fifth round of credible national elections in the democratic era. It is in the process of graduating to the upper middle-income ranks. But, as the 25 contributors to this comprehensive and compelling volume document, Indonesia also faces many daunting challenges — how to achieve faster economic growth along with more attention to environment sustainability, how to achieve more equitable development outcomes, how to develop and nurture stronger institutional foundations, and much else. “This is a timely and much-needed book. There are very few recent books on Indonesia with such a comprehensive analysis of not just mainstream economic policies, but also most importantly the key issues of human capital, inequality, social welfare, labour, food security and natural resource management. This book will not only be crucial for policy discourse but for all stakeholders who care about Indonesia making the transition not only to a high-income economy, but an inclusive one.” — Mari Pangestu, Faculty of Economics and Business, University of Indonesia “The Indonesian Economy in Transition: Policy Challenges in the Jokowi Era and Beyond is one of the most important books that discusses the Indonesian economy post–Asian Financial Crisis. A must-read for anyone who wants to understand contemporary Indonesian economy.” — M. Chatib Basri, former Minister of Finance of Indonesia
This book examines Financial regionalism in East Asia has stimulated not only a new architecture for regional governance, but also a transformation in Indonesia’s national regulatory framework. As a relatively new phenomenon compared to trade regionalism, financial regionalism has successfully shaped cooperative networks among financial authorities in East Asia. In this incisive new book, Eko Saputro explores how new financial alliances and regulatory frameworks will allow Indonesia to rapidly take a new place at the global table, bringing the explosive growth that other Asian countries have seen to the archipelago nation. This book will be of equal value to academics, policy makers, students, and scholars, both in the region and abroad.