HISTORY IN THE MAKING - A systemic transition in Indonesia

Satish Mishra

Journal of the Asia Pacific Economy, 2002, vol. 7, issue 1, 1-19

Abstract: Indonesia is engaged in a systemic transition that entails the overhaul of political institutions as a means of embedding democratic consolidation and decentralized governance. This is certainly a case of 'history in the making', a process full of exciting possibilities, but also fraught with grave risks. In such a context, the paper argues that a narrow focus on economic reform as a means of rejuvenating the Indonesian economy from the terrible recession of 1998 is excessively optimistic. Institution-building in Indonesia is going to be a long and difficult process. External agencies assisting the Indonesian transition will need to engage in that process with considerable care, caution and foresight.

Date: 2002
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DOI: 10.1080/13547860120110443

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