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The Indonesian Economy: Growth, Crisis and Recovery

Hill, Hal

Description

Indonesia, Southeast Asia's most populous state and its largest economy, was deeply affected by the economic crisis of 1997-1998. Its economic contraction in 1998, of over 13%, was the sharpest among all four crisis-affected East Asian economies. This followed three decades of virtually uninterrupted, rapid economic growth. The country's economic crisis was accompanied by regime collapse, resulting in the departure of then President Suharto after 32 years of authoritarian rule. This paper...[Show more]

dc.contributor.authorHill, Hal
dc.date.accessioned2015-12-08T22:22:20Z
dc.date.available2015-12-08T22:22:20Z
dc.identifier.issn0217-5908
dc.identifier.urihttp://hdl.handle.net/1885/32529
dc.description.abstractIndonesia, Southeast Asia's most populous state and its largest economy, was deeply affected by the economic crisis of 1997-1998. Its economic contraction in 1998, of over 13%, was the sharpest among all four crisis-affected East Asian economies. This followed three decades of virtually uninterrupted, rapid economic growth. The country's economic crisis was accompanied by regime collapse, resulting in the departure of then President Suharto after 32 years of authoritarian rule. This paper examines the country's socioeconomic development in the decade since the crisis, in the context of the earlier growth, and the very different institutions of economic governance operating under the new democratic regime of weakened central authority and many more economic policy actors. The main conclusions are that growth and macroeconomic stability have been restored surprisingly quickly, but that microeconomic policy and the investment climate are less predictable.
dc.publisherWorld Scientific Publishing Company
dc.sourceSingapore Economic Review
dc.subjectKeywords: economic development; economic growth; economic history; economic instability; governance approach; macroeconomics; market transition; microeconomics; political economy; socioeconomic conditions; Asia; Eurasia; Indonesia; Southeast Asia Crisis; Economic development; Indonesia; Recovery
dc.titleThe Indonesian Economy: Growth, Crisis and Recovery
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume52
dc.date.issued2007
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.ariespublicationu4002919xPUB93
local.type.statusPublished Version
local.contributor.affiliationHill, Hal, College of Asia and the Pacific, ANU
local.bibliographicCitation.issue2
local.bibliographicCitation.startpage137
local.bibliographicCitation.lastpage166
local.identifier.doi10.1142/S0217590807002610
dc.date.updated2015-12-08T08:43:42Z
local.identifier.scopusID2-s2.0-34547420711
CollectionsANU Research Publications

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