Dutch Curse on Indonesia: The Morality of Asian Development Bank (ADB) Loan Projects

Muhammad Amir Ingratubun ()
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Muhammad Amir Ingratubun: IPB University, Indonesia

Scientia Moralitas Conference Proceedings from Research Association for Interdisciplinary Studies

Abstract: Natural Resources Curse, known as Dutch Disease, is because of capital inflow which promotes in-crease growth and employment level. Indonesia suffers from Dutch Disease working in reverse be-cause of capital outflow, increase unemployment and poverty, and growth retardations from its borrowing from the ADB. I termed this as Dutch Curse because of the colonial connection the Indonesian and Dutch have since the early 17th century. The Dutch Curse is constantly inflicting Indonesia since 1969 because of ADB loans and their disbursement conditionalities. To resolve these issues, it takes more than just the realignment of Indonesia and ADB cooperation, but also moral responsibility and conscious awareness.

Keywords: Dutch disease; Dutch curse; disbursement delays; unsustainable development; negative impact; poverty; unemployment; wealth leakages (search for similar items in EconPapers)
Pages: 11 pages
Date: 2021-05
New Economics Papers: this item is included in nep-fdg, nep-isf and nep-sea
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Published in the Scientia Moralitas Conference Proceedings, on April 18-19, 2021, pages 139-149

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Persistent link: https://EconPapers.repec.org/RePEc:smo:scmowp:01251

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