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Making Economic Policy in Weak, Democratic, Post-crisis States: An Indonesian Case Study


  • Aswicahyono, Haryo
  • Bird, Kelly
  • Hill, Hal


Summary Economic crises in developing countries differ in their causes, severity and recovery trajectories. The literature on the causes and immediate management of these crises is well developed. However, it is more difficult to develop an a priori framework which facilitates an analytical interpretation of how crises affect economic policy and hence recovery. This is especially so in the commonly occurring "twin crises," in which an economic crisis interacts with regime collapse. Country studies are needed to contribute to the development of such a framework. This paper addresses these issues with reference to Indonesia's deep economic and political crisis of 1997-98.

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  • Aswicahyono, Haryo & Bird, Kelly & Hill, Hal, 2009. "Making Economic Policy in Weak, Democratic, Post-crisis States: An Indonesian Case Study," World Development, Elsevier, vol. 37(2), pages 354-370, February.
  • Handle: RePEc:eee:wdevel:v:37:y:2009:i:2:p:354-370

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    References listed on IDEAS

    1. Prema-Chandra Athukorala, 2006. "Post-crisis export performance: The Indonesian experience in regional perspective," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 42(2), pages 177-211.
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    Cited by:

    1. Hal Hill, 2013. "The Political Economy of Policy Reform: Insights from Southeast Asia," Asian Development Review, MIT Press, vol. 30(1), pages 108-130, March.
    2. Michael T. Rock, 2015. "Southeast Asia’s Democratic Developmental States and Economic Growth," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 7(1), pages 23-51, April.
    3. Haryo Aswicahyono & Hal Hill, 2015. "Is Indonesia Trapped in the Middle?," Discussion Paper Series 31, Department of International Economic Policy, University of Freiburg, revised Aug 2015.
    4. Spiegel, Samuel J., 2012. "Governance Institutions, Resource Rights Regimes, and the Informal Mining Sector: Regulatory Complexities in Indonesia," World Development, Elsevier, vol. 40(1), pages 189-205.
    5. Hampton, Mark P. & Jeyacheya, Julia, 2015. "Power, Ownership and Tourism in Small Islands: Evidence from Indonesia," World Development, Elsevier, vol. 70(C), pages 481-495.


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