Indonesia, Malaysia, and Thailand: New Administrations, New Policies, New Performance?

Don Hanna
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Don Hanna: Citigroup Global Markets 388 Greenwich Street, 11th Floor, New York, NY 10013, USA

Asian Economic Papers, 2006, vol. 5, issue 3, 128-168

Abstract: The administrations in Indonesia, Malaysia, and Thailand have all put in place economic policies designed to increase growth, reduce poverty, and improve governance. In Thailand, the government is taking a more activist role, a change from the previous, more hands-off approach. In both Indonesia and Malaysia, new policies reduce the activist role of the state, creating greater predictability and transparency. Better governance remains a key to growth, with many reforms within governments' reach. While many of the policies focus on the medium term, there is an acceptance of the need for prudent short-term management. The open question is whether progress on structural changes can persist when the short-term macroeconomic picture becomes more challenging. (c) 2007 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Date: 2006
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