Indonesia: Crises, Reform, Globalisation and SMEs

Noer Soetrisno

Chapter 9 in New Asian Regionalism, 2003, pp 170-184 from Palgrave Macmillan

Abstract: Abstract The financial crisis of 1997/98 that subsequently, over the next five years, developed into an economic and multidimensional crisis in Indonesia, made the country aware of the role of SMEs, including co-operatives, in its national life. In addition, the country is greatly indebted to the three pillars of the grass root economy, known as the ‘people’s economy’,1 since the middle of 1997, when the financial and economic crisis hit Asia including that of Indonesia. Since then the country has realised that the government’s past policies, emphasising economic growth based upon giving preferential treatment to large businesses, the so-called conglomerates, resulted in considerable problems that required correction.

Keywords: Trade Liberalisation; Total Export; Small Enterprise; Large Enterprise; Asian Development Bank (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37756-1_9

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DOI: 10.1057/9780230377561_9

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