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The Indonesian economic crisis and the long road to recovery

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  • Thee Kian Wie

Abstract

This article provides a concise overview of the origins and impact of the 1997–1998 crisis on the Indonesian economy and the tardy process of recovery since. It is pessimistic about the current prospects for speedy recovery due to the inability of the politically weak governments, which succeeded the highly authoritarian Soeharto regime, to take the necessary steps needed to achieve full economic recovery. The article briefly compares this crisis with the economic crises that hit Indonesia during the early 1930s and mid‐1960s, and points to similarities as well as differences.

Suggested Citation

  • Thee Kian Wie, 2003. "The Indonesian economic crisis and the long road to recovery," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 43(2), pages 183-196, July.
    • Handle: RePEc:bla:ozechr:v:43:y:2003:i:2:p:183-196
    DOI: 10.1111/1467-8446.t01-1-00050
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    Cited by:

    1. Heru Iswahyudi, 2016. "Back to oil: Indonesia economic growth after Asian financial crisis," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 8(1), pages 25-44, April.
    2. World Bank, 2012. "History and Evolution of Social Assistance in Indonesia," World Bank Publications - Reports 12259, The World Bank Group.
    3. Sujarwoto & Gindo Tampubolon, 2011. "Child health and mothers’ social capital in Indonesia through crisis," Global Development Institute Working Paper Series 14911, GDI, The University of Manchester.

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