IDEAS home Printed from https://ideas.repec.org/a/taf/bindes/v51y2015i2p217-237.html
   My bibliography  Save this article

Foreign Direct Investment In Indonesia: Fifty Years Of Discourse

Author

Listed:
  • J. Thomas Lindblad

Abstract

The topic of foreign direct investment (FDI) has been prominent in assessments of economic development in Indonesia during the past 50 years. In this article I review Indonesia's FDI record in a historical perspective; the current urge to control FDI inflows and the need to augment domestic savings and facilitate technology transfers are not at all new in Indonesia. I draw in particular on the discourse on FDI in this journal, the Bulletin of Indonesian Economic Studies , giving special attention to contributions by this journal to the international literature on FDI and its impact. The article demonstrates that the relation between FDI and economic growth has been less straightforward in Indonesia than elsewhere in Southeast Asia. Although FDI has grown in a restrictive investment climate, on occasion it has failed to do so despite more liberal conditions. This may be attributed to the sustained role of natural resources in determining Indonesia's attractiveness as a host country of FDI.

Suggested Citation

  • J. Thomas Lindblad, 2015. "Foreign Direct Investment In Indonesia: Fifty Years Of Discourse," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 51(2), pages 217-237, August.
    • Handle: RePEc:taf:bindes:v:51:y:2015:i:2:p:217-237
    DOI: 10.1080/00074918.2015.1061913
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00074918.2015.1061913
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00074918.2015.1061913?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hill,Hal, 2000. "The Indonesian Economy," Cambridge Books, Cambridge University Press, number 9780521663670, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Genthner, Robert & Kis-Katos, Krisztina, 2022. "Foreign investment regulation and firm productivity: Granular evidence from Indonesia," Journal of Comparative Economics, Elsevier, vol. 50(3), pages 668-687.
    2. Seema Wati Narayan, 2019. "Does Fintech Matter For Indonesia’S Economic Growth?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 22(4), pages 437-456, December.
    3. World Bank, 2017. "Indonesia Economic Quarterly, June 2017," World Bank Publications - Reports 30841, The World Bank Group.
    4. Suryono Herlambang & Helga Leitner & Liong Ju Tjung & Eric Sheppard & Dimitar Anguelov, 2019. "Jakarta’s great land transformation: Hybrid neoliberalisation and informality," Urban Studies, Urban Studies Journal Limited, vol. 56(4), pages 627-648, March.
    5. Prasetyono, Pipin & Wibowo, Agung, 2016. "Analysing Indonesia’s Foreign Direct Investment Policy Framework," MPRA Paper 97784, University Library of Munich, Germany.
    6. NAULY Dahlia & HARIANTO & HARTOYO Sri & NOVIANTI Tanti, 2022. "Foreign Ownership And Productivity Of Food Industries In Indonesia," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(1), pages 130-144, April.
    7. Hal Hill, 2018. "Asia's Third Giant: A Survey of the Indonesian Economy," The Economic Record, The Economic Society of Australia, vol. 94(307), pages 469-499, December.
    8. Genthner, Robert & Kis-Katos, Krisztina, 2020. "Local labor market effects of FDI regulation in Indonesia," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224524, Verein für Socialpolitik / German Economic Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniel Suryadarma & Asep Suryahadi, "undated". "The Impact of Private Sector Growth on Poverty Reduction: Evidence from Indonesia," Working Papers 349, Publications Department.
    2. Arnold, Jens Matthias & Javorcik, Beata Smarzynska, 2005. "Gifted kids or pushy parents? Foreign acquisitions and plant performance in Indonesia," Policy Research Working Paper Series 3597, The World Bank.
    3. Christian Chua, 2008. "The conglomerates in crisis: Indonesia, 1997–1998," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 13(1), pages 107-127.
    4. Pepinsky, Thomas B., 2012. "99 Problems (But A Crisis Ain’t One) Political Business and External Vulnerability in Island Southeast Asia," Working Papers 43, JICA Research Institute.
    5. Rajah Rasiah & Abdusy Amin, 2010. "Ownership and technological capabilities in Indonesia's automotive parts firms," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 15(3), pages 288-300.
    6. Dionisius Narjoko & Hal Hill, 2007. "Winners and Losers during a Deep Economic Crisis: Firm‐level Evidence from Indonesian Manufacturing," Asian Economic Journal, East Asian Economic Association, vol. 21(4), pages 343-368, December.
    7. Kian Thee, 2009. "Indonesia's two deep economic crises: the mid 1960s and late 1990s," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 14(1), pages 49-60.
    8. Sarah Xue Dong, 2021. "The effect of labour demand on women’s intra-household decision power: Evidence from Indonesia," Departmental Working Papers 2021-01, The Australian National University, Arndt-Corden Department of Economics.
    9. Satish Mishra, 2002. "HISTORY IN THE MAKING - A systemic transition in Indonesia," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 7(1), pages 1-19.
    10. Rahmatina A. Kasri, 2011. "Explaining the Twin Crises in Indonesia," Working Papers in Economics and Business 201102, Faculty of Economics and Business, University of Indonesia, revised May 2011.
    11. Wishnu Mahraddika, 2021. "How effective is capital flow management? The Indonesian experience," Departmental Working Papers 2021-15, The Australian National University, Arndt-Corden Department of Economics.
    12. Dijk van, M., 2003. "Industry Evolution in Developing Countries: the Indonesian Pulp and Paper Industry," Working Papers 03.02, Eindhoven Center for Innovation Studies.
    13. Mitsuhiko Kataoka, 2015. "Interprovincial differences in the endowment and utilization in labour force by educational attainment in Indonesia's post-crisis economy," ERSA conference papers ersa15p878, European Regional Science Association.
    14. Briones, Roehlano & Felipe, Jesus, 2013. "Agriculture and Structural Transformation in Developing Asia: Review and Outlook," ADB Economics Working Paper Series 363, Asian Development Bank.
    15. C. Peter Timmer, 2004. "The road to pro-poor growth: the Indonesian experience in regional perspective," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 40(2), pages 177-207.
    16. Hal Hill, 2007. "The Indonesian Economy: Growth, Crisis And Recovery," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 52(02), pages 137-166.
    17. Hidenobu Okuda & Yasushi Take, 2009. "Institutional Change and Corporate Financing in Indonesia: Estimating the Effects of Social and Political Factors on Capital Structure," Global COE Hi-Stat Discussion Paper Series gd09-108, Institute of Economic Research, Hitotsubashi University.
    18. Howard Dick, 2008. "The 2008 Shipping Law: Deregulation Or Re-Regulation?," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 44(3), pages 383-406.
    19. Leszek Balcerowicz & Andrzej Rzonca, 2015. "Puzzles of Economic Growth," World Bank Publications - Books, The World Bank Group, number 20601.
    20. Rahmatina A. Kasri, 2011. "Time series evidence on education and economic growth in Indonesia," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 3(2), pages 109-123, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bindes:v:51:y:2015:i:2:p:217-237. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CBIE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.