 FIFTY YEARS OF TRADE POLICY IN INDONESIA: NEW WORLD TRADE, OLD TREATMENTSMari Pangestu, Sjamsu Rahardja and Lili Yan Ing Bulletin of Indonesian Economic Studies, 2015, vol. 51, issue 2, 239-261 Abstract: Indonesia's trade policy has evolved over the last 50 years. It has been influenced by the country's level of development and the conflict between openness and protectionism; external developments, such as commodity booms and busts and increased competition; and international commitments, whether multilateral or regional. As a result, trade policy has often been ambivalent and ineffective. Given that Indonesia has undergone various transformations and that the world is a different place from what it was in 1965, the country needs to take a more pragmatic and forward-looking stance. Trade policy needs to be part of a comprehensive strategy to improve competitiveness and diversify exports. If Indonesia is to be part of the new paradigm, where the production of goods and services is based on production networks and global value chains, its policy focus will need to shift from protecting and favouring sectors to promoting trade and industrial policies that encourage the flow of goods, services, and people. Date: 2015 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:bindes:v:51:y:2015:i:2:p:239-261 Ordering information: This journal article can be ordered from DOI: 10.1080/00074918.2015.1061915 Access Statistics for this article Bulletin of Indonesian Economic Studies is currently edited by Firman Witoelar Kartaadipoetra, Arianto Patunru, Robert Sparrow, Sarah Xue Dong and Sean Muir More articles in Bulletin of Indonesian Economic Studies from Taylor & Francis Journals |
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