The Indonesian economic crisis and the long road to recovery

Kian Thee

Australian Economic History Review, 2003, vol. 43, issue 2, 183-196

Abstract: This article provides a concise overview of the origins and impact of the 1997–1998 crisis on the Indonesian economy and the tardy process of recovery since. It is pessimistic about the current prospects for speedy recovery due to the inability of the politically weak governments, which succeeded the highly authoritarian Soeharto regime, to take the necessary steps needed to achieve full economic recovery. The article briefly compares this crisis with the economic crises that hit Indonesia during the early 1930s and mid‐1960s, and points to similarities as well as differences.

Date: 2003
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