Indonesian Growth Dynamics

Muhamad Basri and Hal Hill

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

Abstract: This paper provides an analytical narrative of Indonesian economic growth over the past two decades. Particular attention is paid to the key economic crisis events of 1997-98 and 2008-09, and how and why Indonesia's response to them was completely different. We emphasize and illustrate how the years 1997-98 were a watershed in the country's economic history and political economy. We underline the country's generally good economic performance, especially the rapid recovery over the past decade, while also highlighting the fact that its economic growth has never quite matched that of the very high growth East Asian economies. The final section analyzes some key policy challenges, including embedding reforms in a highly fluid political environment, maintaining a broadly open commercial policy regime, the regional and international architecture, macroeconomic management, and 'connectivity' and regional (sub-national) development.

Keywords: Indonesia; growth dynamics; economic crises; policy reform (search for similar items in EconPapers)
JEL-codes: G01 O53 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2010
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Citations: View citations in EconPapers (3)

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Journal Article: Indonesian Growth Dynamics (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:2010-10

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