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Pragmatism and Nationalism, Industrialization Policy in Indonesia and Nigeria

Author

Listed:
  • Ahmad Helmy Fuady

    (Research Center for Regional Resources, Indonesian Institute of Sciences (LIPI))

Abstract

This paper examines industrialization policy in two oil giant economies, Indonesia and Nigeria. What are the key features of continued economic divergence in these two countries since the 1980s? It shows that Indonesia’s policy-makers adopted a series of liberalization measures and switched to an export-oriented strategy to develop manufacturing industries from the mid-1980s, while Nigeria’s policy-makers was reluctant to do so. This paper also seeks to understand the rationale behind the different policy choices. This paper argues that policy-makers’ experience and educational background are possible explanation to the different industrialization policies in these two countries.

Suggested Citation

  • Ahmad Helmy Fuady, 2015. "Pragmatism and Nationalism, Industrialization Policy in Indonesia and Nigeria," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 61, pages 21-40, August.
    • Handle: RePEc:lpe:efijnl:201502
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    References listed on IDEAS

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    1. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
    2. M. Chatib Basri & Hal Hill, 2004. "Ideas, Interests and Oil Prices: The Political Economy of Trade Reform During Soeharto's Indonesia," The World Economy, Wiley Blackwell, vol. 27(5), pages 633-655, May.
    3. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 11855, April.
    4. Lall, Sanjaya, 1994. "The East Asian miracle: Does the bell toll for industrial strategy?," World Development, Elsevier, vol. 22(4), pages 645-654, April.
    5. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 28241, April.
    6. Rock, Michael T., 1999. "Reassessing the Effectiveness of Industrial Policy in Indonesia: Can the Neoliberals be Wrong?," World Development, Elsevier, vol. 27(4), pages 691-704, April.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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