Realizing Indonesia's Economic Potential


Book Description

Analytical work on Indonesian macroeconomic and financial issues, with an overarching theme on building institutions and policies for prosperity and inclusive growth. The book begins with a 20-year economic overview by former Finance Minister Chatib Basri, with subsequent chapters covering diverse sectors of the economy as well as Indonesia’s place in the global economy.




The Yudhoyono Presidency


Book Description

The presidency of Susilo Bambang Yudhoyono (2004–14) was a watershed in Indonesia's modern democratic history. Yudhoyono was not only the first Indonesian president to be directly elected, but also the first to be democratically re-elected. Coming to office after years of turbulent transition, he presided over a decade of remarkable political stability and steady economic growth. But other aspects of his rule have been the subject of controversy. While supporters view his presidency as a period of democratic consolidation and success, critics view it as a decade of stagnation and missed opportunities. This book is the first comprehensive attempt to evaluate both the achievements and the shortcomings of the Yudhoyono presidency. With contributions from leading experts on Indonesia's politics, economy and society, it assesses the Yudhoyono record in fields ranging from economic development and human rights, to foreign policy, the environment and the security sector.




Indonesia


Book Description




The Indonesian Economy


Book Description

"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




Indonesia


Book Description

The book focuses on Indonesia's most pressing labor market challenges and associated policy options to achieve higher and more inclusive economic growth. The challenges consist of creating jobs for and the skills in a youthful and increasingly better educated workforce, and raising the productivity of less-educated workers to meet the demands of the digital age. The book deals with a range of interrelated topics---the changing supply and demand for labor in relation to the shift of workers out of agriculture; urbanization and the growth of megacities; raising the quality of schooling for new jobs in the digital economy; and labor market policies to improve both labor standards and productivity.




The Shadow Economy


Book Description

This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.




Indonesia's Economy Since Independence


Book Description

This book contains a collection of papers on various aspects of Indonesia's economic and its industrial development. It discusses the early independence period in the 1950s; the Soeharto era (1966-1998); and the ensuing two economic crises, namely the Asian Financial Crisis of 1997/98 and the Global Financial Crisis of 2008.




Recollections


Book Description

This collection of memoir-style articles is based on extended interviews with a number of eminent Indonesians who have played an important role in influencing the evolution of Indonesia's economy. "Thee Kian Wie, one of Southeast Asia's most eminent economists, has provided a great service to the research and policy communities with an interest in Indonesia. In this fascinating volume, we get 'up close' to many of the most influential architects of economic policy during the Soeharto era -...




Indonesia Matters: Asia's Emerging Democratic Power


Book Description

Indonesia is the fourth most populous country in the world after China, India and the United States. It is also the world's largest Muslim majority country and the third largest democracy. Its economy is currently the 10th largest on the global scale. Indonesia is recognized as an emerging power, and a respected member of the international community. It plays an important role not only in the Asia-Pacific region, but also in the world at large.Indonesia has defied the grim predictions about its imminent collapse following the ouster of Suharto in 1998. Its ability to rebuild and reinvigorate itself into its current status is one of the most impressive stories of the late 20th and early 21st century. Its journey since the fall of Suharto is inspiring at a time when the world has seen many failing nations, recurring economic crises, and growing radicalism and terrorism. Yet, the Indonesian story receives far less attention than the BRICS (Brazil, Russia, India, China, and South Africa).The Indonesian story suggests a different pathway to emerging power status. This pathway is based not so much on military or economic resources. Rather, it lies in the ability of a country to develop a positive, virtuous correlation among three factors: democracy, development and stability, while pursuing a foreign policy of restraint towards neighbours and active engagement with the world at large.This is the key lesson from the story of Indonesia that this book seeks to present. It analyses Indonesia's foreign policy and international role under the democratic regime, with particular focus on its role as a leader of ASEAN, its relationship with the major powers of the Asia Pacific, and its place in the global order of the 21st century.




The IMF Approach to Economic Stabilization


Book Description

This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.