Deregulation and development in Indonesia / edited by Farrukh Iqbal and William E. James.

Format:

Book

Contributor:

Iqbal, Farrukh.

James, William E.

Language:

English

Subjects (All):

Deregulation--Indonesia--Congresses.

Deregulation.

Trade regulation--Indonesia--Congresses.

Trade regulation.

Industrial policy--Indonesia--Congresses.

Industrial policy.

Investments--Government policy--Indonesia--Congresses.

Investments.

Indonesia--Economic policy--Congresses.

Indonesia.

Physical Description:

1 online resource (205 p.)

Edition:

1st ed.

Distribution:

London : Bloomsbury Publishing, 2024

Place of Publication:

Westport, Conn. : Praeger, c2002.

Language Note:

English

Summary:

Of the developing nations of East Asia, Indonesia came relatively late to liberalizing its trade and investment regime. Only in the mid-1980s, when it was clear that oil revenues alone would not suffice and that a new engine of growth was needed, did the country's government swing behind a systematic deregulation effort. Tariffs were cut, non-tariff barriers were lowered, foreign investment restrictions were reduced, export promotion incentives were enhanced, and various financial sector regulations were eased. All this combined to spark a labor-intensive export-led economic boom that was accompanied by an expansion in wages and employment and a boost in productivity. This book documents how Indonesia truly became part of the East Asian miracle story starting in the mid-1980s. Destined to become a leading case study of export-led development in Indonesia, this book grew out of a World Bank/Indonesian Economic Society Symposium held in Jakarta. There was, however, a parallel story as well, of crony capitalism and weak governance, that led to the financial and political crisis of 1997-98. These aspects were reflected in continued protection of certain sectors where the cronies were active, in restrictions on domestic trade and competition that were left in place for their benefit, and in financial manipulations that were conducted to their advantage. These aspects are noted as well in the book and pulled together in the concluding chapter, which takes the story up through the crisis years to the present.

Contents:

Contents; 1 Deregulation and Development in Indonesia: An Introductory Overview; 2 The Evolution of Economic Policy Reform: Determinants, Sequencing and Reasons for Success; 3 Foreign Investment Policy: Evolution and Characteristics; 4 Deregulation and Total Factor Productivity: 1985-1992; 5 The Determinants of Indonesia's Non-Oil Exports; 6 The Impact of Deregulation on the Manufacturing Sector; 7 The Impact of Deregulation on Employment and Earnings; 8 Sulawesi's Cocoa Boom: Lessons of Smallholder Dynamism and Hands-off Policy; 9 Costs and Benefits of Soymeal Deregulation

10 The Indonesian Cement Industry: A Case for Modified Regulation11 Distributional Impact of Government Policies in the Sugar Sector; 12 The Impact of Regional Trade Deregulation on Selected APEC Countries and Indonesia; 13 Economic Reforms During the Crisis and Beyond; Index; About the Editors and Contributors

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9798400639302

9780313006852

0313006857

OCLC:

55223637