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Political Change and the Business Elite in Indonesia

Author

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  • Johansson, Anders

    (Stockholm China Economic Research Institute)

Abstract

As Suharto’s authoritarian regime came to an end in 1998, the country’s business elite faced new challenges. While rent seeking had previously primarily taken place through direct relationships with and concessions from Suharto, the business elite in contemporary Indonesia operates in a setting with a higher degree of fluidity and uncertainty. This study sheds light on how the changes to the political landscape in Indonesia have affected the business elite. This is done by tracing the relationship between business and politics throughout history from the colonial period up to contemporary Indonesia. It also discusses how these changes have made the analysis of political connections and the value of political capital more complicated and highlights some of the factors believed to be important when analyzing the economics behind business-political relationships in Indonesia.

Suggested Citation

  • Johansson, Anders, 2014. "Political Change and the Business Elite in Indonesia," Stockholm School of Economics Asia Working Paper Series 2014-34, Stockholm School of Economics, Stockholm China Economic Research Institute.
    • Handle: RePEc:hhs:hascer:2014-034
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    Cited by:

    1. Johansson, Anders C., 2016. "Social Media and Politics in Indonesia," Stockholm School of Economics Asia Working Paper Series 2016-42, Stockholm School of Economics, Stockholm China Economic Research Institute.
    2. Hallward-Driemeier,Mary C. & Kochanova,Anna & Rijkers,Bob, 2020. "Does Democratization Promote Competition? : Indonesian Manufacturing Pre and Post Suharto," Policy Research Working Paper Series 9112, The World Bank.

    More about this item

    Keywords

    Indonesia; political change; rent seeking; political connections; patronage; patrimonialism; elite; oligarchy;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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