Indonesia: From Showcase to Basket Case

Jonathan Pincus and Rizal Ramli

Cambridge Journal of Economics, 1998, vol. 22, issue 6, 723-34

Abstract: The repercussions of the East Asian financial crisis have been the most severe in Indonesia, a country long regarded as one of the developing world's greatest success stories. Although triggered by external factors, the roots of the economic collapse can be traced to a series of policy errors and to the nature of economic policymaking under Suharto. The article reviews the factors leading to the intensification of the crisis, including the attempt of a weak, 'patrimonial' Indonesian state to carry out a wide-ranging program of financial liberalization. The reforms failed to dismantle the patron-client system and increased the risks of financial crash. Copyright 1998 by Oxford University Press.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:22:y:1998:i:6:p:723-34

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().