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Understanding Indonesian Economic Reforms, 1983–2000

In: Understanding Market Reforms

Author

Listed:
  • Ari Kuncoro
  • Budy P. Resosudarmo

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.

Suggested Citation

  • Ari Kuncoro & Budy P. Resosudarmo, 2006. "Understanding Indonesian Economic Reforms, 1983–2000," Palgrave Macmillan Books, in: José María Fanelli & Gary McMahon (ed.), Understanding Market Reforms, chapter 8, pages 294-324, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37361-7_8
    DOI: 10.1057/9780230373617_8
    as

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