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INDONESIAN ECONOMY: ENTERING A NEW ERA

 

 

 Indonesia today is a different Indonesia compared to when it first proclaimed its independence in 1945, when it started a new economic paradigm in 1966, and even when it began its democratic reform in 1998.  Today, Indonesia exists in a vastly different social, economical, and political environments. This book, Indonesian Economy: Entereing a New Era, has been prepared with this “new era” in mind.

     Indonesia and the rest of the world have entered a new era of challenges and approaches. The new global and local eras necessitate different approaches as economic policies are not made in social and political vacuum.  This book aims to examine what happened during the current Indonesia, in the new era. It focuses on the events during the reform period, while also discussing the events since the beginning of the New Order.  It also presents some policy recommendations for the current government of Indonesia, in the context of a search for a new world development paradigm.

    The book  is expected to be very useful for both beginners and experts on Indonesian economy.  However,  the book does not  cover all economic issues in Indonesia during the new era.  It focuses on  three macro issues examined in three parts, apart from the introduction. Part I introduces the book and provides  a brief history of Indonesian economy since the beginning of the New Order (1966-1998).  Part II, consisting of four chapters, covers the   monetary and fiscal issues, which are the core tools in macro-economic policies that have been important sources of boom and bust in the economies. Recognizing the importance of Indonesia’s large population with the rising income and aspiration, Part III, consisting of three chapters, examines the domestic market. Focusing on the domestic market is a recognition that Indonesia should be less dependent on export promotion and financial liberalization. Had Indonesia been very successful in its drive for export promotion and financial liberalization, the impact of the 2008-2009 global crisis on Indonesian economy would have been much greater. Part III also  indicates the need for  a change of development paradigm in Indonesia’s economic development, by providing more weights to domestic economy.

   The search for new  development paradigms have also been going on in  all over the world. The main focus of the Part  IV, which comprises three chapters, is to further discuss new world development paradigms from an Indonesian perspective. Read the rest of this entry »

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Filed under: Demography, economy, English, poverty, statistics, , , , , , , , , ,

The Indonesian Development Experience

 

The Indonesian Development Experience: 

 A  Collection of Writings and Speeches

 

This book, written by Widjojo Nitisastro, the influential economist and architect of the economy during the beginning of the New Order  in Indonesia, will be published by Institute of Southeast Asian Studies (ISEAS) in the middle of 2011. It has a rich selection of speeches and writings of Professor Widjojo Nitisastro during 1968 to 1993.  Much of his life’s work was dedicated to radically changing Indonesia’s command economy (during Soekarno era) to focus on development planning using economic analysis.  He is one of the most respected and influential economists of the twentieth century.

 

This book provides invaluable insight for all who are interested in Indonesia’s economic development. It is divided into six parts: Indonesia’s Development Plan; Implementation of Indonesian Development; Facing Economic Crises; Foreign Debt Management; Equity and Development; and Indonesia and the World.(*)

 

Related articles:

* Widjojo Nitisastro and Changes to  Development Paradigms

* Widjojo Nitisastro: Perombak Paradigma Pembangunan (e-books)

 

Filed under: economy, English, publications, , , , , , , ,



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