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Indonesia: Crises, Reform, Globalisation and SMEs

In: New Asian Regionalism

Author

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  • Noer Soetrisno

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.

Suggested Citation

  • Noer Soetrisno, 2003. "Indonesia: Crises, Reform, Globalisation and SMEs," Palgrave Macmillan Books, in: Tran Hoa & Charles Harvie (ed.), New Asian Regionalism, chapter 9, pages 170-184, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37756-1_9
    DOI: 10.1057/9780230377561_9
    as

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