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Dutch Curse on Indonesia: The Morality of Asian Development Bank (ADB) Loan Projects

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  • Muhammad Amir Ingratubun

    (IPB University, Indonesia)

Abstract

Natural Resources Curse, known as Dutch Disease, is because of capital inflow which promotes in-crease growth and employment level. Indonesia suffers from Dutch Disease working in reverse be-cause of capital outflow, increase unemployment and poverty, and growth retardations from its borrowing from the ADB. I termed this as Dutch Curse because of the colonial connection the Indonesian and Dutch have since the early 17th century. The Dutch Curse is constantly inflicting Indonesia since 1969 because of ADB loans and their disbursement conditionalities. To resolve these issues, it takes more than just the realignment of Indonesia and ADB cooperation, but also moral responsibility and conscious awareness.

Suggested Citation

  • Muhammad Amir Ingratubun, 2021. "Dutch Curse on Indonesia: The Morality of Asian Development Bank (ADB) Loan Projects," Scientia Moralitas Conference Proceedings 01251, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:scmowp:01251
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    References listed on IDEAS

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    Keywords

    Dutch disease; Dutch curse; disbursement delays; unsustainable development; negative impact; poverty; unemployment; wealth leakages;
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