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Indonesia: The Strange and Sudden Death of a Tiger Economy

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  • Hal Hill
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Abstract

Among the East Asian crisis economies, Indonesia has been by far the worst affected. Its economic contraction has been about twice as great as the next most affected economy, Thailand. It is the only crisis economy to experience serious inflation. Its political turmoil and social tension have also obviously been much deeper than elsewhere. Finally, unlike Thailand, the early warning indicators of a looming crisis were much less obvious. This paper seeks to explain why Indonesia's crisis has been so much worse than its neighbours.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Oxford Development Studies.

Volume (Year): 28 (2000)
Issue (Month): 2 ()
Pages: 117-139

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Handle: RePEc:taf:oxdevs:v:28:y:2000:i:2:p:117-139

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Cited by:
  1. Basri, Muhammad Chatib, 2013. "A Tale of Two Crises: Indonesia’s Political Economy," Working Papers 57, JICA Research Institute.
  2. Reiny IRIANA & Fredrik SJÖHOLM, 2002. "Indonesia'S Economic Crisis: Contagion And Fundamentals," The Developing Economies, Institute of Developing Economies, vol. 40(2), pages 135-151, 06.
  3. Masagus M. Ridhwan & Henri L.F. de Groot & Piet Rietveld & Peter Nijkamp, 2011. "The Regional Impact of Monetary Policy in Indonesia," Tinbergen Institute Discussion Papers 11-081/3, Tinbergen Institute.
  4. Hal Hill, 2012. "The Best of Times and the Worst of Times: Indonesia and Economic Crises," Departmental Working Papers 2012-03, The Australian National University, Arndt-Corden Department of Economics.
  5. Sjöholm, Fredrik, 1999. "Economic Recovery in Indonesia: The Challenge of Combining FDI and Regional Development," Working Paper Series in Economics and Finance 347, Stockholm School of Economics.
  6. Iman Sugema, 2005. "The Determinants of Trade Balance and Adjustment to the Crisis in Indonesia," Centre for International Economic Studies Working Papers 2005-08, University of Adelaide, Centre for International Economic Studies.
  7. Ali Kutan & Brasukra Sudjana, 2003. "Investor reaction to IMF actions in the indonesian financial crisis," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 6(3), pages 181-190.
  8. Huff, W. G. & Dewit, G. & Oughton, C., 2001. "Credibility and Reputation Building in the Developmental State: A Model with East Asian Applications," World Development, Elsevier, vol. 29(4), pages 711-724, April.
  9. Ali M. Kutan & Brasukra G. Sudjana, 2004. "Worsening of the Asian Financial Crisis: Who is to Blame?," William Davidson Institute Working Papers Series 2004-658, William Davidson Institute at the University of Michigan.
  10. Temple, Jonathan, 2001. "Growing into Trouble: Indonesia After 1966," CEPR Discussion Papers 2932, C.E.P.R. Discussion Papers.

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