Indonesia's Economic Development

Paper Summary:

This paper discusses Indonesia's economic development over the past ten years. It also describes the devastating effects of the Asian financial crisis, krismon, which halted attempts to develop the nation's economy and raise standards of living. The paper then looks at the factors that are needed for the future stability and development of the Indonesian economy to be maintained.

From the Paper:

"Despite years of contraction and then stagnation, the Indonesian economy is now running smoothly, and is experiencing solid growth. Economic development is progressing and will continue as the government invests more in education and health care, and as ingenious schemes such as community-driven development come into fruition. International optimism is growing after strong signs of growth: In November 2006 the Jakarta stock exchange was up 45% on the previous year, and the Jakarta skyline dominated by new apartment complexes and building developments. Whether such gains will reach the poorest Indonesians remains up to the government, which still has many challenges to come."

Sample of Sources Used:

• Brown, Colin, Indonesia, Dealing with a neighbour, Allen & Unwin, 1996
• Budget.gov.au - Overview, http://www.budget.gov.au/2001-02/, Australian Government, 2002
• Delfeld, Carl, Two Surprising Markets, Thompson Gale, Nov 2006
• Fang, Ke, Designing and implementing a community-driven development programme in Indonesia, Development in Practice, Volume 16, Number 1, 2006
• Hal, Hill, The Indonesian Economy in crisis, Allen & Unwin, 1999

More papers on Indonesia's Economic Development:

• Essay # 19848 : "Economic Development and Democratization in East Asia"
• Essay # 28610 : "Globalization and Economic Development"
• Term Paper # 105127 : "Indonesia"

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