Indonesian Industrialization: A Latecomer Adjusting to Crises

Haryo Aswicahyono, Hal Hill and Dionisius Narjoko

No wp-2011-053, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper examines Indonesia's industrialization performance and policies, including its latecomer status, its generally rapid growth since the mid-1960s, its pronounced policy and performance episodes, and its ambivalent embrace of globalization. Particular attention is accorded to the deep economic-political crisis of 1997-98 and its aftermath, with the benefit of a rich, firm level database. The crisis resulted in slower industrial growth, less industrial mobility, and sluggish formal sector employment growth.

Keywords: Economic development; Economic policy; Industrialization; International business enterprises; Convergence (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (9)

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