Understanding Indonesian Economic Reforms, 1983–2000

Ari Kuncoro and Budy Resosudarmo

Chapter 8 in Understanding Market Reforms, 2006, pp 294-324 from Palgrave Macmillan

Abstract: Abstract Indonesia achieved its independence in 1945; however, practically, there was not much room to implement any sort of economic development policy, let alone economic reforms, in the first 20 years of its independence. In practice, this only began when Soeharto came to power in 1966. At that time, inflation ran at 600 per cent per annum, production and trade were stagnant, and the economic infrastructure was in disrepair. Soeharto understood well that the key to sustained public support was to fix the economy.

Keywords: Gross Domestic Product; Central Bank; Economic Reform; Gross Domestic Product Growth; Current Account Deficit (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37361-7_8

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DOI: 10.1057/9780230373617_8

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